Al Ahly Capital acquires livestock company owned by NBE

M&A WATCH- Al Ahly Capital acquired 100% of the International Company for Livestock from its corporate parent, the National Bank of Egypt, in a EGP 1 bn transaction, Al Ahly Capital CEO Khaled Badawi tells Al Masry Al Youm. The holding company plans on using the livestock company’s 600-feddan farm in Abu Rawash to establish an industrial project with initial investments of EGP 3 bn over the next three to four years. No further details were provided on the nature of the project.