BRIEF-MM Group acquires 60 pct stake in Bee for EGP 156 mln

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Oct 3 (Reuters) – MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE

* ACQUIRES 60 PERCENT STAKE IN TBE FOR PAYMENT SOLUTIONS AND SERVICES (BEE) FOR EGP 156 MILLION

* ACQUISITION WILL TAKE PLACE THROUGH PURCHASE OF TBE FOR PAYMENT SOLUTIONS AND SERVICES (BEE) SHARES AND THROUGH EXTENDING CONVERTIBLE SHAREHOLDERS LOAN TO CO, THROUGH CAPITAL INCREASE

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