ArabFinance: Ebtikar Holding for Financial Investments acquired 20% of Bee, TBE Egypt for Payment Solutions and Services, for the purpose of preparing Ebtikar for listing on the Egyptian Exchange (EGX), according to a February 23rd emailed press release.
Bee was owned by Technobiz Equipments PTE. LTD company. This interest acquisition raises Ebtikar’s ownership from its current stake of 60% to reach 80%, and allowing Technobiz to participate in the capital hike in Ebtikar.
The listed MM Group for industry and International Trade holds 49.9% stake in Ebtikar.
Ebtikar earlier was implementing a restructuring plan of its investments to get ready for listing its shares on the EGX.
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