OTMT in talks with Audi Bank-Egypt over EGP1.0 billion loan
According to Al Shorouk, OTMT [OTMT.CA] is in talks with Audi Bank-Egypt over a EGP1.0 billion loan to finance the CI Capital acquisition deal. The bank will be looking to form a syndicate with other local banks to participate in the financing. Bank Audi-Egypt has already lent the company EGP250 million to partially finance the Beltone Financial [BTFH.CA] acquisition deal. (Al Shorouk) OTMT: EGP0.71 as of 3 January 2016, Rating: Sell, FV: EGP0.53 per share, MCap: USD476 million, OTMT EY / OTMT.CA
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