Amazon to Acquire Direct Stake in Valu
Deal News | Jun 23, 2025 | Zawya
Amazon has exercised its option to acquire a direct equity stake in U Consumer Finance (Valu), a subsidiary of EFG Holding. This option was based on an agreement from May 2022, where Amazon acquired $10 million of EFG Holding's global depository receipts, which could be converted into a stake in Valu. Upon completion, Amazon will hold 3.95% of Valu's shares. The transaction will occur during Valu's first trading session on the Egyptian Exchange with a share price of EGP 6.04 via a block trade. This acquisition is notable as Valu plans to commence trading its shares on the EGX on June 23, 2025. EFG Hermes acted as the sole financial advisor for this transaction.
Sectors
- E-commerce
- Financial Technology
- Investment Banking
Geography
- Egypt – The transaction involves an Egyptian fintech company, Valu, and will occur on the Egyptian Exchange (EGX).
Industry
- E-commerce – Amazon, the acquirer, is a major player in the e-commerce industry.
- Financial Technology – Valu, the target company, operates in the fintech sector, providing financial solutions.
- Investment Banking – EFG Holding and EFG Hermes are involved in investment banking and financial advisory roles in this transaction.
Financials
- $10 million – The value of the global depository receipts acquired by Amazon to convert into a direct stake in Valu.
- EGP 6.04 – The per share price for Valu's block trade on the Egyptian Exchange.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Amazon | Acquirer | Company | Amazon is acquiring a direct stake in Valu. |
| Valu | Target | Company | Valu is a fintech company and a subsidiary of EFG Holding. |
| EFG Holding | Vendor | Company | EFG Holding is the parent company of Valu. |
| EFG Hermes | Financial Advisor | Company | EFG Hermes served as the financial advisor for this transaction. |