NAD Development seeks 100% of Egypco’s shares

M&A Watch- A Saudi outfit called NAD Development & Investment Company said it is presenting an offer to acquire 100% of the shares of Egypt for Poultry (Egypco), according to a bourse filing. NAD, which is chaired by Nawaf Abdullah bin Dayel, is offering to buy all of the shares at EGP 2.57 per share. Bin Dayel had reportedly invested in three Egyptian agrifood companies between May 2011 and 2012 according to a report by Reuters, saying valuations back then were attractive.