Egypt's Pioneers Holding expects to finalise its acquisition of a 60-per cent stake in real estate group Rooya within three months at a cost of 1.226 billion Egyptian pounds ($172 million), its CEO told Reuters on Sunday.
Egyptian investment bank Beltone Financial said on Sunday its shares listed on the Egyptian stock exchange would start trading before the end of 2010, part of a strategy that was delayed by merger plans.
Plans to merge with Pioneers Holdin
Egypt's financial services firm Pioneers Holding have inked in principle its all-share deal worth EGP700 million ($127.9 million) to acquire Egyptian investment bank Beltone Financial, the daily al-Alam al-Youm reported on Saturday.
Egypt's stock market regulator has penalised two brokerages for manipulating shares of Egyptian investment bank Pioneers Holding.
Pioneers Securities and Prizma Securities, both subsidiaries of Pioneers Holding, had violated trading ru
Egyptian investment bank Pioneers Holding signed an agreement to acquire 20 per cent of New York-based Concord International Investment Group for $24 million, the stock exchange said on Sunday.
Concord International Investment, an investme