Cairo – Mubasher: Orascom Investment Holding (OIH) has implemented a mandatory tender offer on the shares of Sarwa Capital Holding for Financial Investments at a value of EGP 1.58 billion.
Upon the transaction, Orascom has purchased 216.03 million shares at EGP 7.36 per shares, the Egyptian Exchange (EGX) said in a statement on Tuesday.
The Financial Regulatory Authority (FRA) had previously announced that Orascom Investment was seeking to buy a non-controlling stake in Sarwa.
