Bank ABC acquires Blom Bank Egypt for $480mln -sources

The transaction included all physical and non-physical assets as well as customer accounts

  
A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. Image for illustrative purposes.

A general view shows the headquarters of the Lebanese Blom Bank in Beirut, Lebanon July 9, 2018. Image for illustrative purposes.

REUTERS/Mohamed Azakir

CAIRO- Bank ABC completed its acquisition of Blom Bank Egypt for $480 million on Thursday, two banking sources said.

The transaction included all physical and non-physical assets as well as customer accounts, the sources said.

(Writing by Aidan Lewis) ((Aidan.Lewis@tr.com; +20-1001174410;))

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