Pre-Trading Thoughts

PITCH| BINV to acquire OFH; Good deal for all. BINV's Board approved the acquisition of a minimum of 51% and up to 90% of the share capital of OFH through a MTO via a share swap ratio of 1 share of BINV for 56.76 shares of OFH (based on a number of 4,721,121,620 shares). OFH holds EGP700 million in cash and cash equivalents, and 29.7% of CNFN. If BINV Share is valued at EGP23.50, then OFH share is valued at EGP0.41 and implied acquisition price for CNFN is EGP3.56. As BINV assumed valuation r...