CI Capital to increase Corplease stake to 86%

CI Capital Holding is days away from submitting an official request to the bourse to acquire an additional 14% stake in financial leasing subsidiary Corplease from the Union of French and Arab Banks (UBAF). The acquisition would bring CI Capital’s total stake in the firm up to 86%, Managing Director and Group Co-CEO Hazem Badran tells Al Mal, refusing to disclose the value of the transaction. The remaining 14% of shares will be held by Corplease Managing Director Tarek Azmy.