Beltone to acquire 60% of Auerbach Grayson for $24m

Cairo - Mubasher: Beltone Financial Holding approved the fair value study of Auerbach Grayson in order to acquire 60% of the American Company for $24 million (EGP 214.7 million).

The company’s board approved investing in Auerbach Grayson capital increase, according to a bourse filing.

In June, Beltone signed an agreement with Auerbach Grayson to acquire 51% of the company.

Mubasher Contribution Time: 25-Sep-2016 21:46 (GMT)
Mubasher Last Update Time: 25-Sep-2016 21:46 (GMT)