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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Chimera sets sight on GB Auto subsidiary 🚗

Chimera sets sight on GB Auto subsidiary 🚗

by Omar El Shorafa
September 7, 2022

The Clap
GB Capital, one of GB Auto’s subsidiaries, agreed to enter negotiations with Chimera who are looking to acquire 45% of GB Leasing Company, another subsidiary of GB Auto.

GB Leasing Company
GB Leasing Company was established in 2008 to provide financing solutions in the fields of real estate, cars, and production lines.

The Deets
The company is in the process of obtaining approvals in order to execute the deal.

Additional Info
Chimera already owns a similar company, Beltone Financial Leasing, a subsidiary of Beltone Financial, since August 2022.

Background
There were sources saying that Chimera is seeking to acquire a stake in MNT Halan, which GB Auto owns a stake in.

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