Ripplewood Sells Egypt Bank Stake

Marino, Jonathan
July 2009
Mergers & Acquisitions Report;7/13/2009, Vol. 22 Issue 28, p11
This article reports on the decision of Ripplewood Holdings to sell half of its stake in Commercial International Bank to Actis, an emerging markets specialist. Actis will acquire a 50 percent stake in the holding owned by a consortium led by Ripplewood for 244 million U.S. dollars. The acquisition was made through the Emerging Markets 3 fund of Actis.


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