Arab Finance: Company A announcedWarscom Financial Holding – (OFH)Approval of the Board of Directors held on 06/11/2024-initially- on the purchase offer submitted by Clever Holding Limited (Clever Holding), to acquire 59.39 million shares, representing 98.99% of the capital of Clever Company for the development of electronics and electronic payments, according to what the company stated in Her statement Sent to the Egyptian Stock Exchange.
Orascom Financial decided to appoint Prime Capital as an independent financial advisor to determine the fair value of Clever Electronics Development’s capital shares, according to a company statement today, Thursday.
It is noteworthy that the share targeted by the offer represents 100% of the shares owned by Orascom Financial Holding in Clever Company for Electronic Development and Electronic Payments, with a total of 657.71 million pounds, at a value of 11.0726 pounds per share.
The amount is 558.71 million pounds, the investment cost according to the financial statements at the end of last June, and about 98.99 million pounds. Orascom Financial transferred the amount that represents its share in the process of completing the issued capital of Clever Electronics Development Company.
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