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Tuesday, 5 February 2019

Emaar Misr denies MNHD acquisition talks

M&A WATCH- Emaar Misr says not looking to acquire MNHD: Emaar Misr for Development has denied it is in talks with Madinet Nasr Housing and Development (MNHD) to acquire the company, according to an EGX filing (pdf). This came as media reports claimed that the Emirati real estate company was looking to acquire MNHD. MNHD also issued a similar statement denying having opened channels with Emaar Misr. The rumors come a week following the collapse of talks between SODIC and MNHD.

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