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Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

Abigail Hofman:

Abigail Hofman:

I wonder if ______ is an extremely optimistic person or in a cocoon of senior management denial

Monday, September 1, 2008

Egypt's investment company Pioneers acquires 20% of US Concord.





Egypt's investment company Pioneers acquires 20% of US Concord. Egypt's investment company Pioneers Holding signed an agreement to acquire 20% of New York-based Concord International Investment Group for USD 24mn, according to a statement by the stock exchange. Pioneers' move will enhance the company's expansion strategy as it currently operates in the Gulf and Morocco . Concord International Investment manages directly and through its affiliates investment portfolios and mutual funds amounting to approximately USD 2.3bn worldwide, of which approximately USD 1.2bn are invested in Egyptian equities.







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