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Wednesday, 9 May 2018

B Investments eyes several acquisition options as part of expansion plans

M&A WATCH- B Investments kicking tires on multiple opportunities: B Investments has taken “serious steps” towards acquiring a controlling stake in an unlisted food and beverage company, founding partner Alaa Sabaa tells Youm7. Sabaa stopped short of disclosing the company’s name or the expected value and timeline of the transaction, but said it would be the first of many transactions B Investments is eyeing. The firm is also planning to buy a solar power plant in the Benban solar park, Sabaa said, without disclosing further details.

Meanwhile, Sabaa said his downtown re-development firm Al-Ismaelia for Real Estate Development could someday look at an EGX listing if it can create a portfolio of projects as successful as its development of the La Viennoise building in downtown Cairo, which was unveiled recently.

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