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Qalaa looks for Tanmeyah exit

Image Credit: Tanmeyah

Egyptian investment company Qalaa Holdings is looking at divesting its 70% stake in Tanmeyah, a Cairo-headquartered micro finance company providing loans to low-income individuals and businesses. The move is part of it’s the move is part of a wider strategy of non-core asset sales the investment company is pursuing as it looks to raise $300 million to help it return to profitability by the end of 2015.

Read more at Reuters…

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