Company might consider sale of stake or IPO transaction for Gourmet
Latest in Tag: B Investments Highlight
Latest in Tag: B Investments
B Investments Holding has signed a contract to sell 20% of its stake in Total Egypt to Total France, for EGP 146.4m.
First deal worth EGP 150-200m to be executed before end of year
Company’s share profit in portfolio companies grew due to strong performance of MNHD, Giza Systems, Ebtikar, Gourmet Egypt
Results revealed that company achieved net income margin of 79%
The statement said that the transaction entails the acquisition of 40% of the share capital of Gourmet Group for cost of EGP 65m and a capital increase of up to EGP 60m, which will result in B Investments holding a 53% stake in Gourmet Group.
Hazem Barakat, chairperson of B Investments, announced in a press statement on Wednesday that B Investments’ net profits grew by 21%, reaching EGP 112m in the first half (H1) of 2018, with a net profit margin of 83%. “The increase can be attributed to our active investment strategy, which contributed to the strong performance of …
Company aims to use IPO proceedings in renewable energy, non-banking financial services