{"id":626005,"date":"2018-08-28T03:41:19","date_gmt":"2018-08-28T03:41:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/"},"modified":"2018-08-28T03:41:19","modified_gmt":"2018-08-28T03:41:19","slug":"west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/","title":{"rendered":"West African consume finance player Oragroup rejects Beltone acquisition offer"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>M&A WATCH- Oragroup rejects Beltone acquisition offer:<\/strong> West African consumer finance provider Oragroup has rejected Beltone Financial\u2019s offer to acquire a controlling stake in <a href=\"https:\/\/www.orabank.net\/en\">Oragroup subsidiary Ora Bank<\/a>, the company said in a <a href=\"http:\/\/egx.com.eg\/downloads\/Bulletins\/220525_1.pdf\">statement to the EGX (pdf)<\/a>. According to the statement, Oragroup\u2019s rejection is a result of the two companies disagreeing on the financial details of the proposed acquisition. Beltone\u2019s board had approved in principle the acquisition bid <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/20\/beltone-to-launch-acquisition-bid-for-west-african-consumer-finance-provider-oragroup\/\">in May<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- Oragroup rejects Beltone acquisition offer: West African consumer finance provider Oragroup has rejected Beltone Financial\u2019s offer to acquire a controlling stake in Oragroup subsidiary Ora Bank, the company said in a statement to the EGX (pdf). According to the statement, Oragroup\u2019s rejection is a result of the two companies disagreeing on the financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626005","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9bafbccf-f391-41d9-8809-f61e4dddbffd","order":"0","is_powered_by":true,"section_story_id":"0565854a-ca43-40ff-82e9-0a1fc71f4ea8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625991],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>West African consume finance player Oragroup rejects Beltone acquisition offer - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West African consume finance player Oragroup rejects Beltone acquisition offer\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- Oragroup rejects Beltone acquisition offer: West African consumer finance provider Oragroup has rejected Beltone Financial\u2019s offer to acquire a controlling stake in Oragroup subsidiary Ora Bank, the company said in a statement to the EGX (pdf). According to the statement, Oragroup\u2019s rejection is a result of the two companies disagreeing on the financial [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-28T03:41:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"West African consume finance player Oragroup rejects Beltone acquisition offer\",\"datePublished\":\"2018-08-28T03:41:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\"},\"wordCount\":85,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/28\/west-african-consume-finance-player-oragroup-rejects-beltone-acquisition-offer\/\",\"name\":\"West African consume finance player Oragroup rejects Beltone acquisition offer - 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