April 11, 2018

MNHD explores possible merger or acquisition with SODIC

MNHD wants to open talks on merger with, or acquisition of, SODIC: The board of directors of Madinet Nasr Housing & Development (MNHD) has given its chairman the go ahead to open talks.

March 29, 2018

B Investments reported a net profit after tax and minority interest of EGP 133.2 mn for FY2017, a 152% y-o-y increase

B Investments starts trading as its maiden earnings reported a net profit after tax and minority interest of EGP 133.2 mn for FY2017, a 152% y-o-y increase.

March 29, 2018

Trading in the shares of B Investments gets underway at the EGX’s opening bell today

The retail tranche of BPE Holding for Financial Investments’ initial public offering was 84.4x oversubscribed when bookbuilding concluded on Monday.

March 26, 2018

B Investments retail tranche offering 84.4x oversubscribed

The retail tranche of B Investment’s initial public offering was 84.4x oversubscribed when bookbuilding concluded at the close of yesterday’s session.

March 6, 2018

B Investments to complete EGX listing this month

BPE Holding for Financial Investments (better known as B Investments) announced yesterday that it was taking the “final steps” in completing its listing on the EGX this month.

November 1, 2017

BPE Partners closes on three plants with combined 130 MW production capacity in Benban

BPE Partners announced yesterday(pdf) that it reached financial close alongside Egypt’s Infinity Solar and Germany’s Ib Vogt gmbH on three solar power plants with a combined production capacity of 130 MW in Benban at a total cost of USD 190 mn.

October 4, 2017

MTI acquires 60% of Bee

BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn

August 8, 2017

Ebtikar for Investment Finance applies for financial services license

BPE Partners and MM Group for Industry and International Trade (MTI) have together acquired 60% of TBE Egypt for Payment Solutions and Services (Bee) for EGP 156 mn. The transaction was executed through Ebtikar for Financial Investment, a 50-50 joint venture between BPE Partners and MTI. Bee provides bill payment solutions through a secure network and has more than 35,000 outlets across Egypt.