ArabFinance: B Investments Holding (BINV) stated that Arab Cotton Ginning Company (ACGC) cut its stake in the former's capital from 6.92% to 5.12%, according to the company's September 20thstatement filed to the Egyptian Exchange.
Arab Cotton Ginning sold 2,872,482 shares at EGP 11.25 per each, with a total amount of EGP 32,315,422.
Earlier, B Investments announced that it will establish an EGP 1 billion specialized healthcare company. It is initially committing EGP 200 million to the new company.
Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio companies.
The company had diversified set of investments across distinct sectors including real estate development, downstream oil and gas, information technology system integration, non-banking financial services, renewable energy, manufacturing, and food and beverage.
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