Cairo – Mubasher: The board of directors of CI Capital Holding For Financial Investments approved the appointment of Baker Tilly Wahid Abdel Ghaffar & Co. as an independent financial advisor to assess the fair value (FV) of the company’s shares, according to a bourse disclosure on Sunday.
The Egyptian Exchange (EGX) announced that the mandatory tender offering (MTO) submitted by Banque Misr to acquire up to 652,800 shares in CI Capital at EGP 4.7 per share to top up its stake to 90% will be effective from Sunday, 14 February, until the of end of trading session on 11 March.
During the first nine months of 2020, CI Capital’s net profits reached EGP 330.77 million, down by 13% year-on-year (YoY) from EGP 381.06 million, including minority shareholders’ rights.
