Arab Finance: Orascom Financial Holding’s (OFH) board has approved in principle the offer submitted by Klivvr Holding to acquire 59.4 million shares, or 98.99%, in Klivvr for Electronics Development and E-Payments, as per a filing.
The offer is pending the approval of the Central Bank of Egypt (CBE) and the regulatory authorities.
The board has also approved appointing Prime Capital as a vertified independent financial advisor to decide upon the fair value of Klivvr for Electronics Development’s capital.