Monday, July 5, 2010
By Ehab Farouk /Reuters July 4, 2010 CAIRO: A $62 million acquisition by Egypt's Pioneers Holding of investment bank Beltone Financial has been scrapped after the two sides failed to agree on a strategy for the merged firm, the parties said on Sunday.Under the plan, announced in November and approved by shareholders of both companies, Pioneers would have acquired Beltone in an all-share deal
Labels: Egypt
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