DEMERGER WATCH- OIH board signs off on demerger to delineate between its investments in financial services + other industries: Orascom Investment Holding (OIH) is planning to implement a “horizontal demerger” as part of its plans to restructure the company, according to a bourse disclosure (pdf). The plan, already approved by the board of directors, will split OIH into two companies — OIH and Orascom Financial Holding (OFH). Following the demerger, OIH will remain listed on the EGX and will retain all of its investments in its nine subsidiaries and sister companies apart from those in financial services, which will be transferred to OFH. These investments include stakes in Beltone Financial, Sarwa Capital, and “the current account due to Orascom Investment Holding from Victoire Investment.” The demerger is meant to more clearly delineate between the company’s operations in the financial services industry and other sectors to allow shareholders with a specific interest in one industry to target their investments.