Arab Finance: Beltone Financial Holding’s wholly-owned subsidiary Beltone Capital and its investment platform NEPIT are in the process of acquiring a 51% stake in the National Seeds Company (NSC) for EGP 140 million, as per a press release on December 19^th.

The stake to be sold is owned by Cairo Capital for Financial Investments.

After finalizing the acquisition deal, NEPIT will be entitled to any dividends that will be distributed on those shares.

The deal is expected to be concluded before the end of 2023 after finalizing all legal procedures and obtaining the required regulatory approvals.

If NSC managed to achieve the agreed-upon operational and financial results as well as fulfil certain requirements regarding the production and introduction of new seed varieties, NEPIT would make an additional payment of up to EGP 166 million over several tranches.

However, the deal’s value will not surpass a total of EGP 306 million.

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