EFG Hermes, CI Capital, Beltone acquire 9.9% of Egypt’s commodities exchange

EFG Hermes, CI Capital, Beltone acquire 9.9% of Egypt’s commodities exchange

EFG Hermes, CI Capital, Beltone acquire 9.9% of Egypt's commodities exchange The new commodities exchange will help regulate prices in the local market    Cairo -  The Egyptian Financial Group Hermes Holding (EFG Hermes), CI Capital Holding For Financial Investments, and Beltone Financial Holding acquired 9.9% or 9 million shares of the company managing the Egyptian Commodities Exchange, an official document showed on Thursday.The Egyptian Commodities Exchange's management firm has been established at a capital of EGP 91 million which will be held by several entities.The Egyptian Exchange (EGX) will own 34% of the company, while the General Authority For Supply Commodities (GASC) will hold 11%, the Egyptian Holding Company for Silos and Storage 5.5%, and the Internal Trade Development Authority 5.5%.Moreover, the National Bank of Egypt (NBE) and Banque