Arab Finance: B Investments Holding’s (BINV) extraordinary general meeting (EGM) has approved raising the firm’s issued capital to EGP 1.174 billion at a maximum from EGP 800.122 million, as per disclosure on January 10th. 

The capital will be increased at a fair value of EGP 25.223 per share via a share swap between the company and Orascom Financial Holding (OFH) at a 1:56.76 ratio, providing that a mandatory tender offer (MTO) shall be submitted to acquire up to 90% of OFH. 

Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio companies.