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The Saudi Egyptian Investment Co., a subsidiary of the Saudi Public Investment Fund, has acquired 34% stake in Egypt’s omnichannel retailer and consumer finance platform B.TECH.
The minority stake was sold by investment firm Development Partners International's African Development Partners II, the firm said in a statement on Monday.
While the statement didn't reveal financial details of the transaction, Asharq Business reported on Sunday citing sources, that the deal was worth $150 million.
(Writing by Brinda Darasha; editing by Daniel Luiz)
