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CI Capital acquires CIB's stake in CorpLease

CI Capital acquires CIB's stake in CorpLease
Photo Credit: Arabianeye- Reuters
CIB
COMI
1.25% 103.29 1.28

Cairo - Mubasher: CI Capital Holding acquired the stake of Commercial International Bank - Egypt (CIB)in CorpLease for EGP 133 million ($17 million), said a bourse filing.

CI Capital Holding is CIB's wholly owned investment banking arm.

CorpLease is a joint stock company established in January 2004 with an authorised capital of EGP 270 million. The company was formed by leading financial institutions among which are CIB, DEG and UBAF.