MTI acquires 40% stake in B Pharma Holding for EGP 205M

Updated 7/18/2023 8:21:00 AM
MTI acquires 40% stake in B Pharma Holding for EGP 205M

Arab Finance: MM Group for Industry and International Trade’s (MTI) board has approved acquiring a 40% stake in B Pharma Holding for EGP 205 million, as per an emailed press release on July 17th.

B Pharma Holding, in partnership with B Investments Holding, is engaged in investing in the pharmaceuticals distribution and trade services sectors.

“The healthcare and pharmaceuticals distribution and trade service sector have seen significant growth in Egypt, and we consider it as a great investment opportunity with our experienced partners in the financial and pharmaceutical sectors,” MTI’s CEO Khaled Mahmoud commented

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