ECA discusses legislation giving it oversight on M&As with GAFI

Egyptian Competition Authority (ECA) head Mona El Garf discussed the proposed legislation, which would require ECA approval on M&A transactions, with the General Authority for Freezones and Investment at a workshop on Monday. El Garf apparently spoke on the broad strokes of the act, according to an ECA statement which did not provide details. What we know of the act so far is that ECA approval will likely be for M&As over EGP 100 mn. The meeting could be the first step towards receiving a sign-off from the Ismail cabinet.