Zeta Investments rises bid to aquire Alexandria National
Updated 6/22/2021 12:32:00 PMArabFinance: Alexandria National Company for Financial Investment (ANFI) announced that UAE based company, Zeta Investment rose its bid to acquire 90% of ANFI to EGP 6 per share, according to ANFI’s statement filed to the Egyptian Exchange.
The listed company received two competitive MTOs from Tycoon Holding and Zeta Investments LTD to acquire no more than 90% from ANFI.
Alexandria National achieved a net profit of EGP 4.56 million in 2020, versus a net loss of EGP 709,656 in 2019.
Established in 1996 and listed on EGX in 1998, ANFI provides investment banking services including investment advisory on mergers and acquisitions, initial public offering, and underwriting.
