Vodafone Egypt announced today the signing of a Memorandum of Understanding (MoU) with Ebtikar Holding for Financial Investments S.A.E.”Ebtikar”, the owning company of Bee and Masary for e-payments, in preparation for Vodafone Egypt to participate in a capital increase in both companies to reach a stake of 20% in each company. This step comes as […]
B Investments Holding is pleased to announce that it has entered into an agreement to sell 20% of its stake in Total Egypt to Total Outre-Mer for a total consideration of approximately EGP 146 million, in accordance with the exit terms pre-agreed with Total at the time of B Investments Holding investment in Total Egypt. […]
Ebtikar for Financial Investment S.A.E (“Ebtikar”), a leading investor in the Non-Banking Financial Services sector in Egypt (a joint venture between MM Group for Industry and International Trade S.A.E- “MTIE.CA” and B Investments Holding S.A.E- “BINV.CA”) announces today the completion of the acquisition of 10.1% of Masary in a transaction valued at c. EGP 42 […]
B Investments is pleased to announce that Giza Arabia (Giza Systems’ subsidiary in Saudi Arabia) has been awarded the Major Smart Water Meters Project in the Northern and West-Northern Regions in Saudi Arabia for a value of c. USD 30mn. It is noteworthy to mention that B Investments owns c. 45% of Giza Systems. In […]
B Investments’ Board of Directors approved the acquisition of a majority stake in Gourmet Group of Companies (Gourmet Egypt-GE and Gourmet Food Solutions-GFS – “Gourmet Group”) one of Egypt’s leading food retailing and manufacturing companies. The transaction entails the acquisition of 40% of the share capital of Gourmet Group for c. EGP 65 million and […]
Ebtikar for Financial Investment S.A.E (“Ebtikar”), a leading investor in the Non-Banking Financial Services sector with a shareholder base that includes MM Group for Industry and International Trade S.A.E – MTIE.CA” and B Investments Holding S.A.E – “BINV.CA” announces today the acquisition of 33.7% of Masary in a transaction valued at EGP 130 million. Masary […]
Ebtikar for Financial Investment S.A.E (“Ebtikar”) a leading investor in the Non-Banking Financial Services sector in Egypt (a joint venture between MM Group for Industry and International Trade S.A.E- “MTIE.CA” and BPE Holding for Financial Investments S.A.E- “BINV.CA”) announces today as part of a consortium with TCV and Acquire for Investment S.A.E the acquisition of […]
MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet Nasr Housing & Development (MNHD) has given its chairman the go ahead to open talks.
The retail tranche of B Investment’s initial public offering was 84.4x oversubscribed when bookbuilding concluded at the close of yesterday’s session.