EAEF looks to acquire majority stake in Misr Hytech Seed Int’l

M&A WATCH- EAEF looks to acquire majority stake in Misr Hytech Seed Int’l: Our friends at the Egyptian-American Enterprise Fund (EAEF) are reportedly looking to acquire a controlling stake in seed-focused biotech firm Misr Hytech Seed International, sources close to the transaction told Al Borsa. EAEF, which is hoping to partner on the sale with two unnamed UK-based firms, has reportedly begun due diligence on the company after signing a preliminary agreement for the sale with the Misr Hytech. Sources added that the transaction is expected to close in 1Q2018.