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Wednesday, 3 January 2018

EKH receives approval to increase stake in Delta Insurance to 99%

M&A WATCH- EKH receives approval to increase stake in Delta Insurance to 99%: Egypt Kuwait Holding (EKH) received approval to increase its stake in Delta Insurance to 99% from 32.026%, according to a bourse disclosure. EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority to acquire the stake at proposed price of EGP 20 per share.

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