Orascom Telcom and Act Financial seek 100 pct of Beltone Financial

Reuters , Thursday 8 Oct 2015

Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Beltone Financial, Orascom Telecom said in a statement to the Egyptian bourse on Thursday.

The value of the transaction is estimated at 650 million Egyptian pounds ($83 million) and Orascom Telecom's share will be 87 percent and Act Financial's 13 percent, the statement said. 

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