Arab Finance: Orascom Investment Holding (OIH) received an acquisition offer for it 100%-owned assets in Brazil, according to a filing to the Egyptian Exchange (EGX) on June 1st.
The takeover offer includes units 31, 32, 33, 34, 52, and 53 spanning a total area of 2,286.76 square meters in Victor Malzoni Patio Building in São Paulo, representing 10% of the company’s equity.
Accordingly, OIH’s board agreed to appoint Zilla for Financial Advisors as an independent financial advisor to conduct the fair value (FV) study on its assets before deciding upon the transaction.