With the deal closed, valU will now be available present across Alhokair’s expansive retail network of more than 1,000 stores as well as online on the VogaCloset and monobrand websites
This will be the 2nd offer for Beltone in June alone, receiving a mandatory non-binding purchase offer from a consortium of “strategic investors” through Cairo-based WM Consulting
This isn’t the first time that an international fund has been interested in UB, with an American investment fund revealed to have begun negotiations back in April 2019 by the Central Bank of Egypt
Established in 2015, GlobalCorp is a non-banking financial leader that specializes in leasing and factoring solutions for corporates and small, medium, and large enterprises
FAB’s non-binding offer would have seen the bank acquire at least 51% of EFG Hermes, at an estimated price of EGP 19 per share, valuing the company at $1.2 billion
