GB Auto’s unit sells 45% indirect stake in GB Lease

Updated 1/19/2023 3:16:00 AM
GB Auto’s unit sells 45% indirect stake in GB Lease

Arab Finance: GB Capital for Financial Investments, a 99.99%-owned subsidiary of GB Auto (AUTO), has completed the agreement to sell a 45% indirect stake in GB Lease, with proceeds of EGP 855 million, according to a disclosure sent to the Egyptian Exchange (EGX).

Accordingly, GB Auto’s indirect stake in GB Lease after the completion of the transaction.

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Egypt EGX

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