• Tuesday, 12 May 2020

    Alexandria Cement fair value determined to be EGP 4.02 a share

    An arm of Titan Cement Egypt will pay a significant premium to acquire the nearly 1.3% of Alexandria Portland Cement that it doesn’t already own after a fair value study said the subsidiary’s shares are worth EGP 4.02 a piece,...
  • Tuesday, 28 April 2020

    FRA to review Sika Egypt’s MTO for Bitumode

    M&A WATCH- Regulator to review Sika Egypt’s MTO for Bitumode: The Financial Regulatory Authority (FRA) has received and will begin reviewing a mandatory tender offer (MTO) Sika Egypt submitted for up to 100% of Modern Waterproofing (Bitumode), according to Mubasher....
  • Wednesday, 5 February 2020

    Egyptian Starch and Glucose Company approves Cairo 3A acquisition bid

    M&A WATCH- Starch and Glucose Company approves Cairo 3A acquisition bid: The Egyptian Starch and Glucose Company’s (ESGC) board of directors has greenlit Cairo 3A’s bid to acquire all of Americana Group, Americana Egypt, and Cairo Poultry’s shares in ESGC,...
  • Monday, 3 February 2020

    Adeptio appeals FRA’s rejection of Americana Egypt MTO

    M&A WATCH- Adeptio appeals FRA’s rejection of Americana Egypt MTO: Adeptio has reportedly scheduled a court date in March with Cairo’s Administrative Court to appeal the Financial Regulatory Authority’s (FRA) decision to block the company’s mandatory tender offer (MTO) for...
  • Monday, 3 February 2020

    Cairo 3A bids for Americana’s stake in Egyptian Starch and Glucose

    M&A WATCH- Cairo 3A bids for 91.5% stake in Egyptian Starch and Glucose: Cairo 3A has made an offer to buy 45.8 mn shares held by three major shareholders in the Egyptian Starch and Glucose Company, according to a bourse...
  • Monday, 27 January 2020

    FRA extends Titan Group’s MTO deadline for Alexandria Cement another month

    M&A WATCH- Market regulator extends Titan Group’s MTO deadline for Alexandria Cement shares by another month: The Financial Regulatory Authority (FRA) granted Greek cement company Titan Group another one-month grace period to present its mandatory tender offer (MTO) to acquire...
  • Monday, 20 January 2020

    Pioneers Holding requests 30-day extension to MTO deadline to appoint new financial advisor

    M&A WATCH- Pioneers Holding requests 30-day extension for MTO deadline to appoint new financial advisor: Pioneers Holding has submitted a request to the Financial Regulatory Authority (FRA) for a 30-day extension to submit its mandatory tender offer (MTO) for five...
  • Wednesday, 15 January 2020

    Pioneers Holding submits MTO for five subsidiaries

    M&A WATCH- Pioneers Holding submits MTO for five of its subsidiaries: Pioneers Holding has submitted its mandatory tender offer (MTO) for a 90% stake in five of its subsidiaries, according to a Financial Regulatory Authority (FRA) statement to the EGX...
  • Tuesday, 10 December 2019

    Titan Group bids EGP 6 / share in MTO for 100% of Alexandria Cement

    M&A WATCH- Greek cement company Titan Group launched its mandatory tender offer (MTO) for 100% of Alexandria Portland Cement at EGP 6 per share, Alexandria Cement said in a bourse disclosure (pdf). Titan plans to delist Alexandria’s shares from the...

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