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.