Qalaa to Divest Multiple Non-Core Platforms, Reduce Consolidated Debt and Acquire Additional Stakes in Proven Winners through a Transaction with FHI, a Major Co-Investor
23 June 2015 Download
Qalaa Holdings “Qalaa” (CCAP.CA on the Egyptian Exchange), an African leader in infrastructure and industry, has today signed a set of agreements with Financial Holdings International (FHI), one of Qalaa’s major co-investors, through which Qalaa will acquire from FHI additional stakes in subsidiaries that are core to Qalaa’s future as a holding company. Qalaa will simultaneously sell to FHI its holdings in multiple non-core business units.