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Vodafone Egypt plans acquisition of digital payment stakes - Global Banking & Finance Review
This image reflects Vodafone Egypt's strategic move to acquire 20% stakes in digital payment firms Bee and Masary, enhancing its finance portfolio and digital payment services in Egypt.
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Vodafone Egypt plans to buy stakes in two digital payment firms within 3 months – official

Published by linker 5

Posted on February 24, 2021

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· Last updated: February 24, 2021

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CAIRO (Reuters) – Vodafone Egypt plans to complete the acquisition of 20% stakes in two digital payment companies, Bee and Masary, within a maximum of three months, an official at the company said on Wednesday.

The company has signed a memorandum of understanding (MoU) with Ebtikar, which owns the two firms, to buy the stakes, it said in a statement on Tuesday.

Ebtikar is a subsidiary of Egypt’s MM Group.

(Reporting by Ehab Farouk; Writing by Mahmoud Mourad; Editing by Louise Heavens)

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