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Thursday, 22 September 2022

Expedition Investments consortium completes Domty acquisition

Domty acquisition finalized: A consortium of investors led by Expedition Investments received a 32.9% stake (93.0 mn shares) for EGP 511.6 mn, according to a notice on the EGX yesterday. Their mandatory tender offer for up to 34% of the cheesemaker closed last week.

CFC Group project gets cabinet approval: Cabinet approved setting up a freezone for CFC Group’s proposed USD 400 mn fertilizer complex in Qena Governorate during its weekly meeting yesterday, according to a statement. The Emirati company will establish the facility in Al Haw industrial zone, producing 200k tons of fertilizers, 400k tons of animal feed and 700k tons of phosphoric acid each year.

Other things we’re keeping an eye on this morning:

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