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Vodafone Egypt Buys 20% Stake in Ebtikar’s Subsidiaries: Bee and Masary

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Vodafone Egypt and Ebtikar have signed a memorandum of understanding to purchase a stake in Ebtikar’s subsidiaries Bee and Masary digital financial services. Subject to the completion of due diligence, Vodafone Egypt plans to increase the capital of both Bee and Masary with a 20% stake in both companies. Alliance Law Firm Egypt is pleased to represent Vodafone Egypt, Counsel Hadir Elhakim was the lead on this transaction.

Source: London South East

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