Pioneers Holding Co. Acquires Beltone Financial

  Cairo, Egypt, Nov 11, 2009 - (ABN Newswire) - The board of Pioneers Holding Co. agreed to acquire Beltone Financial Company through increasing the capital of the company and share swap with the shareholders of Beltone Financial.Pioneers Holding Co. will issue 100 million new shares which represents the whole value of Beltone Financial giving Beltone a 17% stake in the merged company.  

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