DPI Exits 34% Stake in Egypt’s B.TECH to Saudi Arabia’s PIF for USD150m

Source(s): Arab News

Saudi Arabia’s Public Investment Fund (PIF) acquired a 34% stake in Egypt-based household appliances and consumer electronics retailer B.TECH from DPI for USD150m. DPI acquired the stake in B.TECH for EGP300m (~USD34m) in July 2016 through African Development Partners II. Read more