Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn

M&A WATCH- Technolease acquires 10% of Mohandes Insurance for EGP 104.5 mn: Bayt El Khebra for Leasing (Technolease) has acquired a 9.89% stake in Mohandes Insurance (5.94 mn shares), according to a regulatory disclosure (pdf). Technolease bought the shares at EGP 17.6 apiece, bringing the total to EGP 104.55 mn. Osool ESB Securities Brokerage managed the transaction.