• Sunday, 17 October 2021

    Egytrans walks away from HAUH takeover bid

    Egytrans pulls the brakes on HAUH takeover: A potential reverse merger between Egytrans and Hassan Allam Utilities Holdings (HAUH) subsidiary Hassan Allam Utilities BV appears to have fallen through after the two sides failed to agree on a fair value,...
  • Thursday, 27 May 2021

    HA Utilities is one step closer to expanding into transport with EgyTrans acquisition

    HA Utilities BV has been valued at EGP 721.5 mn in a fair value assessment from Grant Thornton, Egytrans’ financial advisor, ahead of a potential reverse merger between the two companies, Egytrans said in an EGX disclosure (pdf). The report...
  • Monday, 15 March 2021

    Egytrans conditionally approves Hassan Allam Utilities purchase offer

    Transport player Egytrans has conditionally accepted an offer submitted by HA Utilities Holding (HAUH) last week to acquire a controlling stake in the company via a reverse merger, the listed company said in a regulatory filing (pdf). The company’s board...
  • Thursday, 11 March 2021

    Hassan Allam Utilities eyes expansion into transport through M&A

    HA Utilities Holding (HAUH) could soon expand into Egypt’s transport and logistics sector after it submitted a non-binding offer to take a controlling stake in Egyptian transport player Egytrans via a share swap, the two companies said in separate statements...

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