• Thursday, 24 December 2020

    Is B Investments partially exiting Total Egypt?

    Is B Investments close to offloading part of its Total Egypt stake? B Investments denied it has reached an agreement to sell 20% of its stake in Total Egypt after local press reports yesterday claimed it had agreed to sell...
  • Sunday, 20 December 2020

    Tons and tons of M&A news

    Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in Egypt, the company said in a statement (pdf). Having originally asked for USD 850 mn, the Italian company agreed to...
  • Wednesday, 16 December 2020

    ODH sells affordable housing arm

    An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports citing unnamed sources familiar with the agreement. The fund, which is reportedly owned by an unnamed Egyptian businessman, purchased a...
  • Tuesday, 15 December 2020

    ODH offloading affordable housing arm

    Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City Housing and Development (previously Orascom Housing Communities or OHC), according to a regulatory filing (pdf). The stake is valued at...
  • Tuesday, 15 December 2020

    Revenge of the Luddites

    Ibnsina Pharma has ended its standoff with the Pharmacists Syndicate, announcing yesterday that it would walk back its acquisition of 75% of 3elagi Tech, which owns digital pharmacy platform 3elagi. “Ibnsina Pharma is keen to maintain strong relations with pharmacists...
  • Tuesday, 15 December 2020

    ODH offloading affordable housing arm

    Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City Housing and Development (previously Orascom Housing Communities or OHC), according to a regulatory filing (pdf). The stake is valued at...
  • Tuesday, 15 December 2020

    Revenge of the Luddites

    Ibnsina Pharma has ended its standoff with the Pharmacists Syndicate, announcing yesterday that it would walk back its acquisition of 75% of 3elagi Tech, which owns digital pharmacy platform 3elagi. “Ibnsina Pharma is keen to maintain strong relations with pharmacists...
  • Sunday, 13 December 2020

    Nassef wants a bigger piece of the Knicks + Rangers

    Nassef Sawiris plans to up his stake in owner of New York Knicks, Rangers: Sawiris’ family office NNS Holding is aiming to increase their stake in Madison Square Garden Sports (MSGS) to 6.3% from a current 5%, NNS Holding revealed...
  • Monday, 7 December 2020

    Blom Bank Egypt getting ready for its sale to Bank ABC?

    Blom Bank Egypt is getting its ducks in a row ahead of its potential sale to Bahrain’s Bank ABC, amending its employee salary structures to comply with Central Bank of Egypt regulations, Al Shorouk reports, citing unnamed sources. In a...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.