March 14, 2018 / 5:46 PM / 6 months ago

BRIEF-Egypt's B Investments to offer 27 pct stake by end-March

March 14 (Reuters) - BPE Holding for Financial Investments (better known as B Investments) says:

* Seeks to raise 460 million Egyptian pounds ($26.15 million)through IPO of 27 pct stake in the company

* Expects company shares to be traded on the Egyptian stock exchange on March 29

* Sets offering price at 10.75 Egyptian pounds ($0.6111) per share

* Plans to offer 5 million public shares and 38.131 million shares in a private placement

* Says proceeds to go to renewable energy projects and non-banking financial services ($1 = 17.5900 Egyptian pounds) (Reporting by Ehab Farouk; Writing by Nadine Awadalla; editing by David Evans)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below