Egypt: O B Financial Holding’s B2C mull 25% stake acquisition in Brown Nose Coffee

Arab Finance: B2C, a subsidiary of O B Financial Holding, intends to acquire up to a 25% stake in Brown Nose Coffee, according to a statement.

Procedures of the acquisition have not been fully completed yet.

The final price of the transaction has not been determined either.

Earlier this month, the board of O B Financial Holding agreed to increase the issued capital of B2C to EGP 110 million, with the paid-up capital at EGP 30 million.