December 21, 2017 / 7:51 AM / 6 months ago

BRIEF-Egypt's OTMT to Sell Stake in Beltone Financial, to Acquire 51 PCT in INERTIA‍‍

Dec 21 (Reuters) - ORASCOM TELECOM MEDIA AND TECHNOLOGY HOLDING:

* BOARD APPROVES SALE OF SHARES IN BELTONE FINACIAL HOLDING, REPRESENTING 7 PERCENT OF BELTONE FINACIAL HOLDING SHARES ‍

* BOARD RESOLVES PRELIMINARY APPROVAL OF MEMORANDUM OF AGREEMENT WITH INERTIA FOR ENGINEERING AND TRADING TO ACQUIRE AT LEAST 51 PERCENT OF INERTIA SHARE CAPITAL

* BOARD APPROVES FORMATION OF A CONSORTIUM TO BID IN TENDERS OFFERED BY NEW URBAN COMMUNITIES AUTHORITY UNTIL THE ACQUISITION OF INERTIA Source text for Eikon: Further company coverage:

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