By: Mohamed El-Roby
EGYPT, Dec. 23 (SEE)- A number of senior shareholders of the Bavarian group, world-class brands BMW, Mini Cooper and Rolls Royce, intend to exit the company in a deal that will restructure the company’s shareholders’ equity.
The restructuring of the company’s ownership structure will result in the entry of a new partner in the company in the first quarter of 2019.
According to the information available, the shareholders of the group held a meeting four months ago in a European country and decided to appoint investment bank Arqaam Capital Limited as financial advisor to the operation, as well as the office of Maatouk Bassiouni and El Henawi as legal advisor.
The group received offers from Arab and foreign investors to acquire the share of the outbound partner.
Sources related to the deal said initial estimates of the company’s value range from $ 200 million to $ 250 million.