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OTMT nominates Beltone Financial Holding to finalize the acquisition of 100% of CI Capital
DNE Published in Daily News Egypt on 25 - 02 - 2016

Orascom Telecom Media and Technology Holding (OTMT) announced today that its management have agreed to nominate Beltone Financial Holding to act as the purchasing entity in the acquisition of 100% of CI Capital.
OTMT said that this step comes With reference to the Board of Directors meeting held on February 10, 2016 and the binding offer submitted on February 14, 2016 regarding the acquisition of 100% of CI Capital Holding.
This comes in line with OTMT's strategy to combine CI Capital and Beltone to create a regional financial conglomerate.
Accordingly Beltone is expected to take all necessary procedures to successfully finalize the said transaction.

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