FRA approves extending deadline for B Investments to submit MTO for OFH

Updated 9/21/2023 11:17:00 AM
FRA approves extending deadline for B Investments to submit MTO for OFH

Arab Finance: The Financial Regulatory Authority (FRA) has granted a 60-day extension to for B Investments Holding (BINV) to submit a mandatory purchase offer (MTO) for Orascom Financial Holding (OFH), according to a disclosure on September 21st.

On June 18th, B Investments’ board of directors approved acquiring a minimum of 51% and up to a 90% stake in OFH via share swap.

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 of companies.

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