Crédit Agricole SA expands its activities in Egypt

Crédit Agricole SA and its Egyptian partner El Mansour & El Maghraby Investment and Development Co (MMID) have signed a Sale and Purchase Agreement with Bank of Alexandria S.A.E. and American Express Group for the acquisition of the 74.6% they jointly own in Egyptian American Bank; Crédit Agricole S.A. is to acquire 75% of these shares and MMID 25%...