Orascom okays Chimera’s acquisition of majority stake in Beltone Financial Holding – Economy – Business

In a disclosure the company sent to the Egyptian Exchange (EGX) on Tuesday, Orascom said that it accepts selling all its shares of Beltone, which are 259,121,683 shares.

Orasom owned 56.9 percent of Beltone’s entire traded shares on the EGX.

On 13 June, Chimera submitted a non-binding offer to Egypt’s Financial Regulatory Authority (FRA) to purchase between 51 percent and 90 percent of Beltone’s shares on the EGX according to the…