Author: Don Obrien

Egypt’s e-finance ups institutional share offering after strong demand

CAIRO, Oct 11 (Reuters) – Egyptian payments firm e-finance for Digital and Financial Investments has raised its institutional share offering to 23.5% of the company’s total eventual capital after strong demand, one of the managers of the offering said on Monday.

The state-controlled firm is offering shares to institutional investors in a sale that closes at 15:00 GMT on Monday. A smaller one-week offering to retail investors began on Sunday.

Reporting by Patrick Werr Editing by Aidan Lewis

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Oliver Bolt

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