• Wednesday, 1 June 2022

    Raya finalizes Ostool sale

    Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn, it said in a disclosure to the EGX (pdf) yesterday. The company will sell 53.9 mn shares to Paradigm at...
  • Monday, 31 May 2021

    FRA pulls the brakes on Egytrans, Paradigm Logistics partnership

    EgyTrans is once again happy with an acquisition offer from HA Utilities BV, after a separate, higher bid that had prompted it to rethink the sale was challenged by the Financial Regulatory Authority. The authority slammed the offer by Paradigm...
  • Thursday, 27 May 2021

    Sale of EgyTrans subsidiary could up its valuation

    Paradigm Logistics has offered to sell its 72% stake in shipping subsidiary Ostool to EgyTrans through a share swap transaction, Paradigm said in regulatory filing (pdf). The statement did not note how many shares Paradigm will own in Egytrans following...
  • Thursday, 27 May 2021

    Misr Insurance makes a big education play

    Misr Insurance Holding (MIH) is planning on forming an education platform with an initial investment capital of EGP 700-800 mn, MIH chairman and managing director Basel El Hini told Enterprise today. MIH plans to partner with as of yet unnamed...
  • Wednesday, 21 April 2021

    Raya exits transport subsidiary Ostool

    Raya offloads stake in transport arm: Raya Holding has signed an agreement to sell its 62.3% stake in shipping subsidiary Ostool to Paradigm Logistics in a EGP 266.6 mn transaction, according to a regulatory filing (pdf). The acquisition should wrap...
  • Wednesday, 12 February 2020

    Raya receives a bid for 31% stake in its transport arm

    M&A WATCH- Raya receives a bid for 31% stake in its transport arm: Raya Holding has received a EGP 133 mn non-binding offer from British Virgin Islands-based Paradigm Logistics to acquire a 31% stake of its Ostool Shipping Company, according...

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.