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Qalaa exist non-core assets in asset swap with FHI Financial

In its ongoing bid to divest itself of non-core assets, Qalaa Holdings have entered into an agreement with one of its major co-investors, Financial Holdings International (FHI), to dispose of its stakes in several non-core business units while acquiring some of FHI’s subsidiaries. Precise terms of the deal were not disclosed, but Qalaa did say that the deal would lead to a $105 million reduction in its consolidated debt.

Read more at Zawya…

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