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Wireless

Vodafone Egypt completes due diligence for stakes in Bee, Masary - report

Monday 9 August 2021 | 10:48 CET | News
Vodafone Egypt has completed the due diligence for both Bee and Masary with a view to the acquisition of a 20 percent stake in each of the two payment companies, Al Mal reported, citing sources. The sources said Bee and Masary are getting ready to submit all the necessary documents to the Central Bank of Egypt (CBE), in order to obtain the final approvals. The deal is subject to Financial Regulatory Authority (FRA) approval as well, the sources added, refusing to reveal the total value of the anticipated transaction.

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Categories: Mobile & Wireless
Companies: Vodafone Egypt
Countries: Egypt
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