Vodafone Egypt eyes upping stake in Basata to 20% in Q1

Reuters Images/Asmaa Waguih

The deal is pending the Central Bank of Egypt’s (CBE) approval

Staff Writer, Arab Finance

February 6, 2024

PHOTO

Arab Finance: Vodafone Egypt is seeking to raise its stake in Basata Holding for Financial Investments to 20% within the first quarter (Q1) of 2024 via capital increase, two sources familiar with the matter told Asharq Business.

The deal is pending the Central Bank of Egypt’s (CBE) approval, one source said.

It is worth noting that Vodafone Egypt acquired a 10% stake in Basata in April 2022.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO