Orascom Telcom and Act Financial seek 100 pct of Beltone Financial

Orascom Telecom Media and Technology and Act Financial are seeking to acquire 100 percent of Beltone Financial, Orascom Telecom said in a statement to the Egyptian bourse on Thursday.

The value of the transaction is estimated at LE650 million ($83 million) and Orascom Telecom's share will be 87 percent and Act Financial's 13 percent, the statement said. 

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