M&A Watch- Nestlé’s acquisition of Caravan Marketing Company, which we covered yesterday, will be completed within six weeks, a source told Al Mal. The source says Nestlé is buying 100% of Caravan’s shares for EGP 400-500 mn. Caravan’s Chairman Amr Barakat said company sales recorded nearly EGP 500 mn in 2016. He added that CI Capital advised Caravan on the sale with Baker & McKenzie providing legal advisory. PwC reportedly advised Nestlé.

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