M&A WATCH- Our friends Pharos Holding and Banque Misr Investment Banking (BMIB) announced on Thursday the closing of the sale of a 97.7% stake in National Company for Maize Products (NCMP) to Cairo Three A through a mandatory tender offer. “I am delighted to witness the final closure of the NCMP transaction which underscores Pharos Investment Banking’s growing presence in the M&A and capital market transactions arena as well as our successful cooperation with Banque Misr, our partner in the process,” Pharos Holding Managing Director and Head of Investment Banking Sherif Abel Aal said in a statement. Pharos and BMIB were the sell-side advisors for Misr Capital Investments and the National Bank of Egypt, the majority shareholders of NCMP.

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