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Europe Daily Bulletin No. 9473

21 July 2007
Contents Publication in full By article 30 / 42
ECONOMIC INTERPENETRATION / (eu) privatisation

- Libya: BNP PARIBAS has been selected by Libya's central bank to buy a stake in SAHARA BANK OF LIBYA, the country's second largest investment bank (300,000 private clients) which is currently being privatised. The French bank won out over other selected candidates, namely HSBC, STANDARD CHARTERED, ARAB BANKING CORPORATION, ARAB BANK and SOCIETE GENERALE. BNP PARIBAS is buying a 19% stake in Sahara Bank of Libya for €145 m, with the option of increasing this to a 51% stake in the future.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
CALENDAR
ECONOMIC INTERPENETRATION