• Sunday, 6 December 2020

    Lorax Capital acquires “significant” minority stake in Dsquares in first investment by its new fund

    Lorax Capital Partners has acquired a “significant” minority stake in loyalty services provider Dsquares through its LCP Fund II, the private equity outfit said in a statement (pdf), without specifying the size of the stake or the value of the...
  • Thursday, 3 December 2020

    The Great Lebanese Bank Sell Off, Act I

    The Great Lebanese Bank Sell Off is gaining steam: Gulf banks First Abu Dhabi Bank and Bank ABC are both reportedly expediting their attempts to purchase the assets of ailing Lebanese banks and increase their share of the Egyptian banking...
  • Sunday, 29 November 2020

    GCC wealth funds eye USD 700 mn Amoun Pharma acquisition

    Amoun Pharma could be the target of a joint acquisition bid by the Emirati and Saudi sovereign wealth funds, who are said to be eyeing Bausch Health’s unit in Egypt as part of a larger, longer-term partnership, according to a...
  • Sunday, 22 November 2020

    Sawiris’ attempts to acquire Shalateen Mining in doubt as talks halted

    M&A WATCH- Sawiris’ attempts to acquire Shalateen Mining in doubt as talks stop: Naguib Sawiris’ talks with the government to acquire 51% of state-owned Shalateen Mining have been suspended, Oil Minister Tarek El Molla told Reuters without giving further detail....
  • Sunday, 15 November 2020

    Egyptian Saudi Insurance House acquires 6.5% stake in Dice

    M&A WATCH - The Egyptian Saudi Insurance House (ESIH) acquired a 6.5% stake in clothing manufacturer Dice for EGP 49.8 mn, according to a bourse filing (pdf) on Thursday. Shuaa Capital advised on the transaction, according to the filing.
  • Sunday, 15 November 2020

    Egypt Kuwait Holding doubles stake in Mohandes Insurance

    M&A WATCH- Egypt Kuwait Holding (EKH) more than doubled its stake in Mohandes Insurance to 20.4% in a EGP 109.7 mn transaction, according to a regulatory filing (pdf) on Thursday. EKH, which already owned a 10% stake in the company,...
  • Thursday, 12 November 2020

    Raya close to offloading recycling subsidiary BariQ

    M&A WATCH- Raya Holding looks poised to sell the entirety of its recycling subsidiary BariQ to an unnamed foriegn investor after the company’s board of directors gave preliminary approval to an offer earlier this week, according to an EGX disclosure...
  • Wednesday, 12 August 2020

    Americana Egypt approves delisting shares from EGX ahead of Adeptio purchase

    M&A WATCH- Americana Egypt approves delisting shares from EGX to fulfill Adeptio purchase: Americana Egypt’s board of directors have approved delisting the company’s shares from the bourse at EGP 6.32 per share after finalizing an agreement with Adeptio last week...
  • Monday, 13 July 2020

    STC extends its MoU for Vodafone Egypt purchase by another 60 days

    M&A WATCH- STC extends MoU for Vodafone Egypt purchase for a second time: Saudi Telecom (STC) yesterday extended by another two months its agreement with Vodafone Group to purchase a 55% stake in Vodafone Egypt due to “logistical challenges” resulting...

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