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Thndr Claps » EGY Claps » Tech 📲 » Vodafone Egypt acquires stakes in Bee and Masary 💵

Vodafone Egypt acquires stakes in Bee and Masary 💵

by Ziad Amin
April 19, 2022

The Clap
Vodafone Egypt acquired a 9.99% stake in Bee and Masary for Financial Services, by subscribing to a capital increase of the two companies.

The deets
Ebtikar, which owns Bee & Masary, saw its stakes decrease to 90.01% & 63.64%, respectively following Vodafone’s entry.

The deal was announced by B Investments (BINV), which owns 16.5% of Ebtikar.

In related news
Back in January 2022, Ebtikar had increased its 60% stake in Bee to acquire the whole company.

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