Amazon exercises its option to acquire direct equity in Valu, a subsidiary of EFG.

EFG Holdings states that, in accordance with the terms of the agreement in May 2022, Amazon has exercised its option to acquire direct equity in U Consumer Finance. According to the terms of the transaction, Amazon will acquire approximately 3.95% of Valu's shares, which are held by an indirect subsidiary of EFG Holdings. The transaction will be executed on the first trading day of Valu's stock on the Egyptian Stock Exchange, at a price of 6.041 Egyptian pounds per share. Following the completion of the transaction, EFG will continue to hold 67% of Valu's shares through its subsidiary, EFG Financial Holdings.