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Sunday, 10 February 2019

Egypt Kuwait Holding moves ahead with bid for Emisal Salts

M&A WATCH- EK Holding moves ahead with bid for Emisal Salts: Investment firm EK Holding has submitted a tender offer for a majority stake in salt producer Emisal Salts, according to an EGX disclosure (pdf). No details were provided on the value of the bid, which is still subject to due diligence. We had noted on Thursday that the National Bank of Egypt, the largest shareholder in Emisal, will lead the sale process on behalf of other state-owned shareholders.

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