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