18th Aug 2005 11:56
Misr International Bank18 August 2005 Bank Misr considering bid Cairo, 18th of August With reference to the sale of a controlling stake in Misr International Bank(MIBank) (MIBA.CA) (MIBD.L), Bank Misr has announced today that two (2) bidshave been received. The higher bid was made by Societe Generale to acquire 100%of MIBank's shares, with a minimum of 75% required to close the deal, at a priceof EGP 43.2 / share. The bid offer is valid until noon of Sunday 21st of August.The bid is currently being considred. - END For all enquiries, please contact: Investor RelationsWalid [email protected]: +2012-310-8871 Media RelationsFatma El [email protected]: +2010-105-0587 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
SGN.L