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.