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Egypt's Beltone is seeking to enter the banking sector by taking a controlling stake in the Aura group
2018/05/20 12:24
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Economy News Baghdad
Beltone Financial Holding, one of Egypt's largest investment banks, said on Sunday that the board of directors had agreed to acquire a controlling stake in the Ura Group, which owns banks in 12 African countries.
In a press release, Beltone, a subsidiary of Egyptian billionaire Naguib Sawiris, said its board of directors had agreed to authorize the chairman, vice president or managing director of the company to "sign a non-binding purchase offer and send it to the
sellers."
Beltone is one of Egypt's largest financial institutions and is followed by 18 companies specializing in investment, asset management, securities and IPO coverage.
Beltone said its board of directors had agreed to "appoint a financial, legal and technical adviser to start the due diligence process as well as to initiate negotiations with vendors to reach agreement on the deal."
In February 2017, Beltone acquired 60% of Auerbach Grayson Securities, which operates in more than 125 countries.
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Economy News Baghdad
Beltone Financial Holding, one of Egypt's largest investment banks, said on Sunday that the board of directors had agreed to acquire a controlling stake in the Ura Group, which owns banks in 12 African countries.
In a press release, Beltone, a subsidiary of Egyptian billionaire Naguib Sawiris, said its board of directors had agreed to authorize the chairman, vice president or managing director of the company to "sign a non-binding purchase offer and send it to the
sellers."
Beltone is one of Egypt's largest financial institutions and is followed by 18 companies specializing in investment, asset management, securities and IPO coverage.
Beltone said its board of directors had agreed to "appoint a financial, legal and technical adviser to start the due diligence process as well as to initiate negotiations with vendors to reach agreement on the deal."
In February 2017, Beltone acquired 60% of Auerbach Grayson Securities, which operates in more than 125 countries.
Note: The content entitled (Beltone Egyptian is seeking to enter the banking sector to acquire a controlling stake in the Aura group) was published first on the site (economy News) and does not bear the encyclopedia of this day news content in any way.
You can find out the details of this address (Beltone Egypt is seeking to enter the banking sector by acquiring a controlling stake in the Aura Group) through its original source (Economy News).
https://hathalyoum.net/articles/1559515-%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AF%D8%AE%D9%88%D9%84-%D8%A7%D9%84%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%81%D9%8A-%D8%A8%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-
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