Pioneers Holding seeking to exit some of its subsidiaries, increase stake in others

Pioneers Holding is looking at a partial or complete exit from some of its 60 units, and plans to increase its stakes in some of its other subsidiaries to maximize shareholders’ value, Al Mal reports. The company is currently developing future plans of its subsidiaries. Pioneers is in the process of increasing its stake in Electric Cable Egypt to 90%, from a current 48.5%.