Arab Finance: Orascom Financial Holding’s (OFH) board has appointed Prime Capital as an independent legal advisor for the potential purchase submitted by B Investments Holding, a statement revealed.
In February, the Financial Regulatory Authority (FRA) approved the publication of the disclosure form of B Investments Holding’s purchase offer to acquire up to 4.249 million shares, representing 90% of the capital of Orascom Financial Holding.
Under the purchase offer, B Investments seeks to close the takeover deal via a share swap of 1 share of its capital for 56.76 shares of Orascom Financial’s capital.