PT MNC Kapital Indonesia Tbk (“BCAP”) announced today that it has reached an agreement to acquire a majority stake of Auerbach Grayson & Company LLC (“AGCO”), a New York-based brokerage firm specializing in global trade execution and exclusive in-depth research for U.S. institutional investors. Previously, AGCO was owned by Beltone Financial Holding (BTFH.CA), a leading Egypt-based investment bank. The acquisition will be in partnership with David Grayson, AGCO’s Co-Founder. The deal has been finalized after receiving approval from the United States Financial Industry Regulatory Authority (FINRA).