Cairo – Mubasher: Arabia Investments, Development and Financial Investment Holding Co. said it received a non-binding offer from BPE Partners (formerly Beltone Private Equity) in partnership with Sigma capital, to buy its stake in Upper Egypt Investment Company (UEICO).
Arabia Investments owns 80% stake equivalent to 160,000 stocks in UEICO.
The buying offer primary price is set at EGP 225 per share, at total amount of EGP 36 million.
The non-binding buying offer is valid for 15 days, where it would be presented to Arabia Investments’ management to study it.
