Daily News Egypt

Ebtikar increases stake in e-payments firm Masary to 45.8% - Daily News Egypt

Advertising Area




Advertising Area




Ebtikar increases stake in e-payments firm Masary to 45.8%

The statement indicates that the deal was worth EGP 42m, accordingly, it will increase MM Group’s stake in Masary to 35% from 29%.


Ebtikar for Financial Investment, a joint venture between B Investments Holdings and MM Group for Industry and International Trade, raised its stake in Masary by 10.1% to reach 45.8%, the company said in a statement to the Egyptian Exchange (EGX) on Monday.

The statement indicates that the deal was worth EGP 42m, accordingly, it will increase MM Group’s stake in Masary to 35% from 29%.

“The transaction confirms the company’s confidence in investing in Masary, the leading e-payment company in the Egyptian market, with promising opportunities for rapid growth. Masary has 60,000 points of sales across Egypt,” said Aladdin Saba, Chairperson of Ebtikar.

Advertising Area



https://dailyfeed.dailynewsegypt.com/2019/07/22/ebtikar-increases-stake-in-e-payments-firm-masary-to-45-8/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe