Beltone acquisition of CI Capital delayed until court case resolved: EFSA head

April 13, 2016 7:16 PM

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Beltone acquisition of CI Capital delayed until court case resolved: EFSA head

CAIRO The head of Egypt's financial regulatory body said on Wednesday that Beltone Financial's (BTFH.CA) acquisition of CI Capital would be delayed pending resolution of a court case involving shareholders of CI Capital and its parent company.

In February, Commercial International Bank (CIB) (COMI.CA), which owns CI Capital, signed a deal to sell its investment bank to a unit of billionaire Naguib Sawiris' Orascom Telecom (OTMT.CA) for 924 million pounds ($104.06 million)

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