Egypt’s FRA approves Banque Misr’s tender offer for CI Capital

The Egyptian Financial Regulatory Authority (FRA) said it has approved Banque Misr request to acquire a controlling stake in CI Capital Holding For Financial Investments.

Banque Misr submitted an offer to acquire up to 652,800 shares in CI Capital to top up its stake to 90% at EGP 4.7 per share which FRA approved today.

CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance and investment banking products and services.

CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance and investment banking products and services.