OFH appoints legal advisor for B Investments’ potential purchase offer

Updated 3/5/2024 10:57:00 AM
OFH appoints legal advisor for B Investments’ potential purchase offer

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.

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