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Egypt - Beltone Financial Holding (BTFH) has signed an agreement to sell its subsidiary Auerbach Grayson and Company.
The deal will be sealed after Beltone obtains the US Financial Industry Regulatory Authority’s (FINRA) approval, according to an EGX filing.
This move comes as part of Beltone’s strategic plan to focus on the Egyptian market and neighboring markets in the field of investment banks.
In addition, this step will boost the company’s strategy to expand non-banking financial services. This strategy has begun early 2020.
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