Home>Topics>>RPT-DEALTALK-Egypt's turmoil slows European bank divestments
RPT-DEALTALK-Egypt's turmoil slows European bank divestments
Reuters: Financials
Sat, 9 Feb 2013
DUBAI, Feb 8 (Reuters) - Go back a few months and the disposal of Egyptian assets seemed like a good option for European banks desperate to raise funds by selling non-core operations.
The weak European economy is allowing firms to unlock extra value via restructurings and spin-offs, but it's better to invest while firms are still cheap conglomerates, says Evermore's David Marcus.