February 2004
Middle East;Feb2004, Issue 342, p53
This article presents news related to corporate finance, as of February 2004. Egypt's National Société Générale Bank reported a 20% increase in net profits for the first nine months of 2003, reaching $22.6m. Lundin Petroleum continues regional pullout with $3m sale of Tunisian assets. Sweden's Lundin Petroleum continues its North African pullout with the recent sale of a 50% shareholding in Compagnie Franco Tunisienne des Petroles to private French company Spyker Energy. The board of the European Bank for Reconstruction and Development has approved up to $250m in loans to the Baku-Tbilisi-Ceyhan pipeline, a network that extends from Azerbaijan and Georgia to Turkey.


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