MM Group’s Ebtikar acquires additional c9% stake in Masary for EGP40mn
MM Group for Industry and International Trade [MTIE.CA] announced that Ebtikar, its 52.9%-owned JV with B Investments, has acquired an additional 9.1% stake in Masary for EGP40mn, raising its ownership to 54.9%. This transaction will increase MM Group’s ownership in Masary to 40%, from c35% currently. Masary operates in the electronic payments sector in Egypt, with c60k active points of sale.
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