Emirates NBD is looking at an acquisition opportunity – the economic – the local market

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Emirates NBD confirmed holding preliminary discussions with BLOM Bank – Lebanon regarding the possibility of a possible acquisition of the current shareholders’ stake in BLOM Bank – Egypt.

The bank said, in a disclosure to the Dubai market, yesterday, that the discussions are still ongoing, and there is no confirmation of the possibility of completing and completing any transaction.

The bank stated that it is continuously evaluating potential opportunities, which are available in various markets, and no further announcement will be issued unless there are substantial developments.

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