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TMCNet:  CI Capital to evaluate Winvest takeover of Handy [Arab Finance (Egypt)]

[June 19, 2014]

CI Capital to evaluate Winvest takeover of Handy [Arab Finance (Egypt)]

(Arab Finance (Egypt) Via Acquire Media NewsEdge) Arab Finance: Alex Converta Co. (Handy) has hired CI Capital as an independent financial advisor to evaluate Winvest Capital for Development and investment ( WCDI) bid for 100% stake of Handy with total value of LE 26 million.


Sabry Habib, Managing Director of Handy, told Alborsa newspaper that CI Capital will be the financial advisor to evaluate the bid.

He added that, approving the bid and finalizing the deal is subject to the results of the evaluation which will be set by CI Capital.

Source: Alborsa newspaper & Arab Finance editor (c) 2014 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

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