Qatar: QNB Group has confirmed that it has entered into discussions for the acquisition of Société Générale's holding in National Société Générale Bank (NSGB)-Egypt. The stake will amount to 77.2% of paid-up capital of the bank. NSGB - Egypt is one of the largest banks operating in Egypt through a network of 160 branches across the country, with total assets as at June 30, 2012 reaching EGP63.8bn ($10.5bn). [AMEInfo.com]
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