Cairo – Mubasher: Beltone Financial Holding on Monday stated that Reefy Company is still a possible option for its expansion plan in the field of non-banking financial services.
The selection will be made according to the resolution of the ordinary general meeting (OGM), a legal prerequisite before any acquisition, as the deal is a netting agreement, the company said in a filing to the Egyptian Exchange (EGX).
The company’s statement came as a response to what was circulated in local newspapers that Beltone was reconsidering its acquisition of Reefy Company and has postponed its final decision to early 2018.
By 11:14 am Cairo time, Beltone Financial’s stock grew 2.54% to EGP 13.30.
