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CAIRO, March 9 (Reuters) - Egypt's central bank has sent
investment banks a request for proposals to pitch for an
advisory role in the sale of United Bank of Egypt, which the
central bank owns, two sources with knowledge of the matter
said.
Several big Western banks have received the request, one of
the sources said. The RFP comes after talks with Saudi Arabia's
sovereign wealth fund to acquire United Bank failed after
disagreement over its valuation.
(Reporting by Hadeel Al Sayegh and Patrick Werr; Writing by
Yousef Saba; Editing by Muralikumar Anantharaman)
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