Business tycoon Naguib Sawiris (Photo Credit: Arabianeye - Reuters)
CIB
COMI
-0.17%
131.50
-0.22
COMI
Orascom Investment Holding
OIH
0.00%
1.47
0.00
OIH
Beltone Holding
BTFH
-0.65%
3.04
-0.02
BTFH
Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) announced Wednesday postponing a decision on the acquisition bid made by Beltone Financial Holding for CIB's investment banking arm CI Capital.
The market regulator said it would wait a resolution of a court case involving Naguib Sawiris who is a major shareholder in Orascom Telecom Media and Technology (OTMT).
Source:
Mubasher