Egypt - Technolease acquires 10% of Mohandes Ins. for EGP 104.5 m
Friday, 04 24 2020, Category: Insurance and Reinsurance, Country: Egypt
Bayt El Khebra for Leasing (Technolease) has acquired a 9.89% stake in Mohandes Insurance (5.94 mn shares), according to a regulatory disclosure (pdf). Technolease bought the shares at EGP 17.6 apiece, bringing the total to EGP 104.55 mn. Osool ESB Securities Brokerage managed the transaction.