M&A WATCH- MM Group signs LOI to acquire three more retail and distribution companies. MM for Industry and International Trade (MTI) announced yesterday in an EGX filing (pdf) that it has signed a letter of intent to acquire 100% of each of three subsidiaries of Alturki Holding including Itisalat International Egypt (i2), United Retail Company (URC), and DTR Trading. The transaction is still pending regulatory approval.

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