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Tuesday, 19 February 2019

AIND agrees to UE Finance buyout

M&A WATCH- AIND agrees to buyout UE Finance: Arabia Investment, Development and Financial Investment Holding Company (AIND) has agreed to purchase Incolease’s 20% stake in UE Finance and take full ownership of the company, the company said in an EGX disclosure (pdf). AIND has agreed on a fair value assessment produced by financial consultancy firm FinCorp, the company said, adding that the fair share value will be disclosed after the agreement has been reached.

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