M&A WATCH- Incolease denies it is in play after SAIB, Banque Misr said to be seeking exits

M&A WATCH- Incolease denies it is in play. The International Company For Leasing (Incolease) has denied a report that it is the subject of acquisition offers from both local and international players seeking a majority stake in the firm, according to a company statement to EGX (pdf). Al Mal had reported on Thursday that major shareholders including SAIB and Banque Misr were looking to sell their stakes in the company, which prompted the EGX to suspend trading of Incolease shares.