Orascom Investment restructures companies in Brazil, Netherlands

Orascom Investment board of directors has agreed on restructuring some of its companies in Brazil and the Netherlands, according to its filling to Egyptian Exchange (EGX) on Tuesday.

The company said that the restructuring process may take place in one step which will include transfer of assets according to the law, the statement mentioned.

The board of directors has also agreed on hiring Naguib Onsi Sawiris as the company’s CEO.