M&A WATCH- Swiss firm Archer Daniels Midland (ADM) will bid for another food company in Egypt after the winner of the bidding war for National Company for Maize Products is made clear,according to Al Borsa. We had previously covered the ongoing contest for NCMP, and now it looks like the firm is looking to expand even further into Egypt. ADM intends on announcing the investment in the second half of this year, the newspaper suggests. The company is being aggressive with its Egypt strategy with the unannounced acquisition being the third such investment after NCMP and their 50% stake in Medsofts. Pharos Holding is sell-side advisor to NCMP owner Misr Capital Investment, while Al Tamimi & Co. is legal advisor.

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