EFSA delays Beltone's acquisition of CI Capital

Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) announced Wednesday postponing a decision on the acquisition bid made by Beltone Financial Holding for CIB's investment banking arm CI Capital.

The market regulator said it would wait a resolution of a court case involving Naguib Sawiris who is a major shareholder in Orascom Telecom Media and Technology (OTMT).

Mubasher Contribution Time: 13-Apr-2016 20:39 (GMT)
Mubasher Last Update Time: 13-Apr-2016 21:23 (GMT)