Arab Finance: Company A disclosedWarscom Financial Holding – (OFH)on the progress of Clever Holding Limited (Clever Holding), which submitted an acquisition offer for 59.39 million shares, representing 98.99% of the capital of Clever Company for the development of electronics and electronic payments, as the company explained in Her statement Sent to the Egyptian Stock Exchange.
The company explained that the target share of the offer represents 100% of the shares owned by Orascom Financial Holding in Clever Electronics Development and Electronic Payments Company, with a total of 657.71 million pounds, at a value of 11.0726 pounds per share.
She noted that the amount represents 558.71 million pounds of investment cost according to the financial statements at the end of last June, and about 98.99 million pounds that Orascom Finance transferred the amount that represents its share in the process of completing the issued capital of Clever Electronics Development Company.
She added that it is being presented to the company's board of directors.
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