Sources close to the matter indicate that an Emirati investor is looking to acquire 40% of Misr Life Insurance Company.
The buyer's name and financial details were not disclosed.
The initial offer involves the acquisition of 20% of Misr Life's capital. Under certain conditions, the stake could be raised to 40% after one year.
Read also | Egyptian insurance market: 2023 results [4]
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Fegypte%2Femirati-investor-sets-sights-on-40-stake-in-misr-life-insurance-company&text=Emirati+investor+sets+sights+on+40%25+stake+in+Misr+Life+Insurance+Company
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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-209-march-2023
[4] https://www.atlas-mag.net/en/category/pays/egypte/egyptian-insurance-market-2023-results