Egypt raises Banque du Caire offering stake to 45%

Egypt has increased the stake it plans to offer in Banque du Caire on the Egyptian Exchange (EGX) to 45%, from 30% previously, an unnamed official source told Asharq Business.

The offering could raise up to EGP 33 billion, with an indicative price range of EGP 4.3 to EGP 4.82 per share, according to the…