GB Auto’s (AUTO) financial arm GB Capital for Financial Investments announced the appointment of Arqaam Capital as a financial advisor, to study investment options available to the company including “MNT Investment BV” in the Netherlands.
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On 15 August 2021, GB Auto announced the completion of a deal to sell part of its stake in the Dutch company, with a total value of EGP 352.6 million, bringing its stake down to 57.26% after this transaction.
It is noteworthy that the Dutch company acquires controlling stakes in two companies (Tasaheel) and (Mashrouei), which work in the field of microfinance and installment sales, respectively.
