ABN AMRO BUYS 59% OF EGYPTIAN BROKER.

The Dutch bank ABN AMRO has reached an agreement in principle to take a majority stake in Egyptian broker Delta EAB. The bank said it had agreed to buy the 59% of Delta EAB currently owned by Egyptian American Bank (36%), American Express Bank (18%) and Delta EAB Portfolio Management (5%). The buy is ABN AMRO's first venture into the Egyptian market, although the...