Beltone Financial Holding SAE (CASE:BTFH) made a non-binding offer to acquire a controlling stake in Oragroup SA (BRVM:ORGT) on May 19, 2018. Beltone's Board has approved the transaction. As on August 13, 2018, Beltone's Board of Directors have approved submitting a mandatory tender offer which will be subject to obtaining the necessary approvals and assigning independent financial advisory from the seller. As of August 27, 2018, Oragroup SA rejected the Beltone acquisition offer. Both parties did not agree on the financial details of the proposed acquisition.

Beltone Financial Holding SAE (CASE:BTFH) cancelled the acquisition of controlling stake in Oragroup SA (BRVM:ORGT) on August 27, 2018.