M&A WATCH- HyperOne is not up for sale, founder and Chairman Mohamed El Hawary tells Al Borsa. The executive vehemently denied news reported earlier this week that the retailer had received two separate bids to acquire a controlling stake from a foreign investor entering the country for the first time, as well as the Egyptian American Enterprise Fund. The news reports said HyperOne had hired Pharos Holding as a sell-side advisor and Al Tamimi & Co. as legal counsel.

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