Zahran Group begins restructuring ahead of M&A with Groupe SEB in 2Q2018

M&A WATCH- Zahran Group begins restructuring ahead of merger with Groupe SEB in 2Q2018: Zahran Group has spun-off its real estate holdings into a separate entity ahead of merging its electrical appliances unit with that of Groupe SEB Egypt’s operations. Zahran and Groupe SEB had announced on Monday that they would be merging their appliances units into Groupe SEB Egypt Zahran, in which the French conglomerate will hold a 55% stake. Beltone Financial, which is advising on the transaction, said that it expects the transaction to be completed in 2Q2018, according to Al Mal.