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Arab Finance: Travco International Group has raised its stake in B Investments Holding to 10.01% from 9.99%, according to a bourse filing.
The group purchased an additional 23,000 shares in B Investment at a total value of EGP 942,750, equivalent to an average price of EGP 40.989 per share.
EFG Hermes acted as the broker of the transaction.
B Investments Holding recently rolled out plans to inject investments, ranging between EGP 2 and EGP 3 billion, in key sectors across Egypt and the Middle East within two years.
