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Tuesday, 27 February 2018

Nahw Development completes MTO of CDICO

M&A WATCH- Nahw Development (completely new to us, folks) has completed a mandatory tender to acquire the remaining 49% stake in Cairo Development Investment Company (CDICO), which it launched last month, Al Borsa reports.Nahw bought13.59 mn shares at EGP 4.61 per share, pricing the transaction at EGP 57.5 mn. CDICO had appointed Osool to advise on the transaction and conduct a fair value assessment.

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