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Sunday, 12 April 2020

Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake

M&A WATCH- Ebtikar becomes sole shareholder of Vitas Egypt after acquiring remaining 50% stake: Ebtikar Financial Investments has purchased the remaining 50% stake of microfinance company Vitas Egypt, according to an EGX disclosure (pdf). Ebtikar, which is jointly owned by B Investments (50.1%) and MM Group (49.9%), bought Vitas Group’s entire stake and will now have sole ownership of the firm. MM Group said last month it is looking to take Ebtikar public on the EGX sometime in 2021.

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