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Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment - Daily News Egypt

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Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment

The average purchase price per share reached EGP 3.99, with the groups' shareholder shares reaching 0.589%.


Banque Misr raised its stake in CI Capital Holding for Financial Investments on Tuesday from 7.3% to 10.16%, buying 28.643m shares in CI Capital with a total value of EGP 114.566m.

The average purchase price per share reached EGP 3.99, with the groups’ shareholder shares reaching 0.589%.

Arqaam Securities Brokerage and Beltone Securities Brokerage acted as the deal’s executors, for 27.643 million shares and 1 million shares, respectively.

The increase makes Banque Misr the largest shareholder in CI Capital’s ownership structure, followed by Global Holding Group with 10.056%, then CIB – Egypt with 7.561%, and Mahmoud El Gamal Charitable Foundation with 5.439%.

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https://dailyfeed.dailynewsegypt.com/2020/07/21/banque-misr-increases-ci-capital-stake-to-10-16-with-egp-115m-investment/
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