Beltone Financial has two IPOs in pipeline for this year

IPO WATCH- Beltone Financial has two IPOs in the pipeline for potential execution this year, one each in the consumer goods and industrial sectors, head of investment banking Mohamed El Akhdar tells Al Borsa. One of the companies is currently in the final phases of an acquisition in preparation for its listing on the EGX, and is one of the biggest players in its sector, according to El Akhdar. He did not disclose further details on the company or the timeline of its planned IPO. Beltone is also advising on two M&As, including the merger of Zahran Group and Groupe SEB Egypt’s electrical appliances units, which Beltone expects to be completed in 2Q2018.