Cairo – Mubasher: Ghabbour Auto (GB Auto) announced that its subsidiary GB Capital for Financial Investments assigned Arqaam Capital as the company’s advisor.

Arqaam Capital will study the available strategic options to maximise the return on the company’s investments and contributions to subsidiary companies, especially its investment in GB Lease, according to a bourse disclosure on Tuesday.

These options include the sale of part of GB Capital’s stake in GB Lease.

During 2020, GB Auto logged net profits of EGP 1.11 billion, compared to EGP 223.55 million, including minority shareholders’ rights.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.