Orascom Holdings divests its stake in Sarwa Capital for Beltone Securities

EGYPT – Orascom Investment Holding, a holding company, has sold its entire stake in Sarwa Capital Holding for Financial Investments, Beltone Securities Brokerage. The company stated in a statement to the Egyptian Stock Exchange (EGX) that Orascom Investment has sold 350.08 million shares of Sarwa Capital, which represents its entire stake in the company by 29.25 percent. It added that the total value of the deal amounted to LE 1.6 billion (US$100m), with an average selling price of LE 4.58 (US$0.31) per share. EGX announced the implementation of a deal…

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