ArabFinance: Ebtikar for Financial Investment received acquisition offers for its stake in Masary and TBE for Payment Solutions and Services, unnamed sources told Al Mal news website.

The company did not decide on any deal thus far, the sources added.

However, Ebtikar appointed EFG Hermes as a financial advisor to study the best options, and to make a trade-off between listing on the Egyptian Exchange or selling a share to an investor.

EFG Hermes said in a separate statement it was assigned to explore the possible listing of Ebtikar or its subsidiaries on EGX.

MTI and B Investments hold 49.9% and 20.3%, respectively, in Ebtikar.

 

 

 

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