M&A WATCH - Turkish glassware producer Paşabahçe acquired Egyptian glass manufacturer Pearl Glass Group in a transaction worth USD 50 mn, Trade and Industry Minister Tarek Kabil announced yesterday. Paşabahçe is also planning to invest USD 100 mn in Egypt. The company is currently upgrading the factory, which is expected to employ up to 1200 workers, ahead of launching production next year, Kabil said. The company plans on exporting its products to the United States, Latin America, Europe, Africa, and the Arab world.

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