Home » Egypt Investors »

|| Egypt's Beltone and Pioneers to form the largest Middle East investment bank

egypt investmentbankingPioneers Holding agreed to buy rival Egyptian securities firm Beltone Financial in a share swap, gaining asset-management expertise as it aims to create the Middle East’s biggest investment bank - Bloomberg is reporting.

Pioneers said it will issue 100 million shares to Beltone’s owners, who will have about 17 percent of the companies’ combined capital. The premium for those new shares hasn’t yet been determined, Beltone said. In terms of the operations, both companies will be managed independently.

Their full press release follows:

Previous Post: A Kuwaiti conglomerate LP suing private equity firm Carlyle Group
Next Post: DubaiBeat.com a select content provider to Reuters web-TV service

More from Egypt Investors ...

  Arab investment firm EFG Hermes invested $208 million in French wind energy firm (October 2014)

  Link Online acquires web portal Arabia.com (October 2012)

  Egypt's Weather II Investments acquired stake in Canada gold miner for $493 million (July 2012)

  Egyptian VC firm Ideavelopers invests in group buying website (October 2011)

  Egyptian VC Sawari Ventures invests in two companies (January 2011)

  EFG Hermes launched $300 million Syrian private equity fund (March 2010)

  Citadel Capital acquired 49% stake in Sheltam Railways Company (March 2010)

  PepsiCo Joint Venture Acquires Egyptian Dairy and Juice Company (January 2010)

  Egypt's Beltone and Pioneers to form the largest Middle East investment bank (December 2009)

  Egypt investors acquired stake in UK gold miner company for $3.1 million (October 2009)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2021 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter