Beltone becomes sell-side advisor to international company in USD 300 mn transaction

M&A WATCH- Beltone Financial has landed a mandate as sell-side advisor for a retail company with operations in three Asian countries, Sobhy El Sehrawy, the firm’s deputy head of investment banking, told Al Borsa. El Sehrawy did not name the company but says the transaction is Beltone’s first beyond Egypt’s borders. He expects the transaction on the company, valued at USD 300 mn, should close within the next two to three months.