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Wednesday, 13 March 2019

Green Hope studying three bids from funds to acquire a stake

M&A WATCH- Agri exporter Green Hope says it is weighing three acquisition offers from Egyptian, UK and Emirati investment funds. In play is a 40-60% stake in the company at an estimated cost of EGP 180-230 mn, Al Mal reports. The transaction would entail a capital increase and partial exit by the current shareholders. The transaction is expected to close in 3Q2019. Paradigm Invest is advising Green Hope.

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