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Thursday, 7 February 2019

Egypt Kuwait Holding makes acquisition bid for Emisal Salts

M&A WATCH- EK Holding makes bid for Emisal Salts: Investment firm EK Holding is making a play to acquire salt producer Emisal Salts, according to a report in the domestic press. The National Bank of Egypt, the largest shareholder in Emisal, will lead the sale process on behalf of other state-owned shareholders including National Investment Bank and the Chemical Industries Holding Company. The transaction is expected to close in 1H2019. No details were provided on the value of the bid or EKH’s post-acquisition plans.

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