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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- November 6, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Egypt's Beltone sees result of stake talks in days
Egyptian investment bank Beltone Financial expects to reach a deal or end talks on selling a stake to Pioneers Holding in three days, the stock exchange said on Thursday.
A statement issued by the stock exchange on Wednesday had said Pioneers was in talks to buy a stake in Beltone but did not give details about the size of any deal.
Beltone said it expected to notify the bourse about the result of negotiations before the start of Sunday's session, the statement said.
Analysts have said a tie-up between the two firms could be complementary.
Beltone, which oversees some $5 ...