Chimera buys majority stake in Egypt-listed Beltone to expand portfolio – The National
- Date: 09-Aug-2022
- Source: The National
- Sector:Technology
- Country:Egypt
Chimera buys majority stake in Egypt-listed Beltone to expand portfolio – The National
Abu Dhabi-based investment company Chimera acquired a majority stake in Egypt-listed financial services provider Beltone as it continues to expand its portfolio across the Middle East and North Africa to boost growth.
Chimera bought a 55.9 per cent stake in Beltone at a price of 1.485 Egyptian pounds ($0.077) per share, it said on Tuesday.
The Abu Dhabi company first announced plans to acquire Beltone in June as it aims to expand its operations in the Arab world's most populous country.
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