What:
Orascom Financial Holding (OFH) has officially announced the completion of a major acquisition by B Investments Holdings, which now owns a 68.9% majority stake. This acquisition involves the purchase of approximately 3.31 billion shares, valued at a total of EGP 1.457 billion, with an average price per share standing at EGP 0.44.
So What:
This transaction not only shifts the control of OFH but also reflects a significant realignment within Egypt’s financial sector. The deal positions B Investments as a pivotal player in the market, substantially increasing its influence over OFH’s future direction.
Now What:
Following the completion of this transaction, the ownership structure of OFH has notably changed, with B Investments’ stake effectively reaching 70.13% when excluding treasury shares.
Some Context:
The sellers in this transaction include OTMT Acquisition -SARL and Orascom TMT Investments SARL, which sold their respective stakes of 56.45% and 0.697%. These sales not only mark their exit from OFH but also highlight the ongoing shifts and consolidations within the broader regional investment landscape.
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin