OIH’s non-executive board members approve in principle acquiring Misr for Entertainment Investments

Updated 11/19/2024 1:56:00 AM
OIH’s non-executive board members approve in principle acquiring Misr for Entertainment Investments

Arab Finance: The non-executive and independent members of Orascom Investment Holding’s (OIH) board have approved in principle the acquisition of Misr for Entertainment Investments, as per a disclosure.

They also agreed to appoint an independent financial advisor to conduct a fair value (FV) study on the shares involved.

Additionally, it was agreed upon to hire a legal advisor to prepare for the due diligence on the transaction.

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