Swvl Announces Commencement of Strategic Review Process
DUBAI, United Arab Emirates, Dec. 30, 2022 (GLOBE NEWSWIRE) — Swvl Holdings Corp (“Swvl” or the “Company”) (Nasdaq: SWVL), a global provider of transformative tech-enabled mass transit solutions, today announced the formation of a special committee (the “Strategic Committee”) comprised of independent directors of the Company’s Board of Directors (the “Board”) to explore and evaluate potential strategic alternatives that may be available to the Company. As part of the process, the Strategic Committee will consider a full range of strategic alternatives including corporate sale, merger or other business combination, a sale of all or a portion of the company’s assets, strategic investment, new debt or equity financings or other significant transaction (collectively, “Potential Strategic Transactions”).
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