M&A Activity • Nov 23, 2016
M&A Activity
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The following is a Company Announcement issued by FIMBank p.l.c. ("FIMBank"or the "Bank") pursuant to the Malta Financial Services Authority Listing Rules.
FIMBank announces the finalisation of the acquisition process of Commercial International Bank S.A.E's and CIB Social Insurance Fund's shareholding in Egypt Factors ("Company") by FIMBank p.l.c., FIMFactors BV and FIM Business Solutions Limited. Accordingly, the FIMBank Group, already being a shareholder in the Company, acquired the remaining shareholding held by said Egyptian partners becoming the one hundred percentum (100%) shareholder of the Company. This acquisition forms part of the investment strategy adopted by the FIMBank Group.
Unquote
Andrea Batelli Company Secretary
22 November 2016
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