Beltone/Sawiris Failed to Acquire 20% Stake in EFG-Hermes – Market Watchdog
Sawiris-Beltone alliance failed to reach a deal to acquire 20% a stake in Egypt's biggest investment bank…
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Naguib Sawiris
Egypt’s Sawiris Calls to Cut Energy-intensive Industries’ Subsidies
Egyptian business tycoon Naguib Sawiris has commended Sunday the government's decision to raise fuel and…
Egypt’s Beltone/Sawiris say no change to EFG-Hermes offer
Egypt's Beltone Financial and billionaire Naguib Sawiris announced on Sunday they would not change their offer to…
Egypt Stocks Lose EGP6.8bn in Week on Austerity Concerns, Journalists’ Verdict
In a week filled with investors' woes over potential austerity measures, Egypt's stocks incurred losses amounting…
EFG-Hermes says fair price 30% more than Beltone-New Egypt bid
EFG-Hermes stated on Saturday an independent adviser had set its fair share price at 22.93 Egyptian pounds ($3.21),…
EGX: Beltone-Sawiris bid for 20% in EFG-Hermes Starts today
Egypt's stock exchange (EGX) announced that the voluntary tender offer by businessmen Naguib Sawiris and Beltone…
Egypt Stocks Lose EGP15.2 billion in Week
In a week which witnessed the formation of Egypt's new government alongside the regulatory approval on…
Egypt Stocks End This Week Lower, Lose EGP3.3 billion
Egypt's stocks ended this week lower with losses amounting to 3.3 billion Egyptian pounds as foreign investors…
Beltone offers to be acquired by EFG-Hermes if bid completed successfully
The voluntary tender offered submitted by a consortium of business tycoon Naguib Sawiris and Beltone Financial…
Egypt Stocks End 3-Day Losing Streak, Surge on Beltone-Sawiris Deal
Egypt's stocks ended higher on Wednesday with gains totalling 1.8 billion Egyptian pounds powered by the regulatory…
