DUBAI, Dec 20 (Reuters) - Emirates NBD, Dubai's
largest lender, has agreed to buy a 95.2 percent stake in BNP
Paribas' Egyptian arm from the French bank in a deal
which values the entire business at $500 million.
ENBD, part-owned by the Dubai government, will make an
offer to minority shareholders for the remaining 4.8 percent
stake, the Dubai bank said in a statement on Thursday.
The deal is expected to close by the end of the first
quarter of 2013, pending regulatory approval.