17 March 2015
Luxembourg-based Advans SA Group and two
other foreign investors have increased their share holdings in local
microfinance institution Amret, giving Advans a controlling stake in the
company. Executive Director of Advans SA SICAR said that since the first stake
acquisition, the business had acquired 20% in 2005 and an additional 10% in
2010, before last week’s purchase.
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