OTMT to ask for second extension for CI Capital deal conclusion
According to unnamed sources, OTMT [OTMT.CA] is going to request a second extension from Commercial International Bank (CIB) to conclude the acquisition of CI Capital. The company had previously requested a two-week extension. The initial period should have been concluded on 31 March. (Al Mal) OTMT: EGP0.74 as of 12 April 2016, Rating: Sell, FV: EGP0.53 per share, MCap: USD437 million, OTMT EY / OTMT.CA CIB: EGP39.49 as of 12 April 2016, Rating: Buy, FV: EGP44.11 per share, MCap: USD5,101 million, COMI EY / COMI.CA
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