Cairo – Mubasher: MM Group for Industry and International Trade announced that its subsidiary Ebtikar for Finance Investment has acquired an additional stake of 9.1% in Masary Smart Payment Services.

Accordingly, Ebtikar’s has raised its stake in Masary to 54.9%, instead of 45.8%, MM Group said in a statement to the Egyptian Exchange (EGX) on Wednesday.

It is worth noting that Ebtikar for Finance Investment is a joint venture between B Investments Holdings and MM Group.

In July, MM Group said that Ebtikar had raised its stake in Masary by 10.1% to 45.8% from 35.7% in a deal worth EGP 42 million.