Corporate news
B Investments Holding [BINV]
The shareholders of Gourmet, a subsidiary of B Investments, are studying the potential listing of up to 40% of the company’s share capital on the stock exchange.
B Investments currently owns a 53% stake in Gourmet. The company’s board of directors is scheduled to convene next week to determine the exact stake to be offered through the IPO.
The offering will be conducted through a secondary sale of existing shareholders’ stakes, without capital increase.
Walaa Mosalam - Prime Research
WMosalam@egy.primegroup.org