October 3, 2017 / 7:58 AM / 2 years ago

BRIEF-MM Group acquires 60 pct stake in Bee for EGP 156 mln

Oct 3 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE

* ACQUIRES 60 PERCENT STAKE IN TBE FOR PAYMENT SOLUTIONS AND SERVICES (BEE) FOR EGP 156 MILLION

* ACQUISITION WILL TAKE PLACE THROUGH PURCHASE OF TBE FOR PAYMENT SOLUTIONS AND SERVICES (BEE) SHARES AND THROUGH EXTENDING CONVERTIBLE SHAREHOLDERS LOAN TO CO, THROUGH CAPITAL INCREASE Source: (bit.ly/2ylA9fx) Further company coverage:

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