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NBE mulls selling stake in SCCT

NBE mulls selling stake in SCCT
NBE would exit from the company in order to comply with regulations

Cairo – Mubasher: National Bank of Egypt (NBE) is considering to sell its 5% stake in Suez Canal Container Terminal (SCCT).

Egypt's largest state lender would exit from the company in order to comply with regulations forcing banks to exit most of their contributions in non-financial companies, sources said.

The sources expected NBE to exit from SCCT prior to the end of 2018, Alborsa News reported.