Omega Capital bids to acquire 20% stake of Galina for EGP 75 mn

M&A WATCH- Egyptian private equity firm Omega Capital made an offer to acquire 20% of British Egyptian Company for General Development Company (Galina) for EGP 75 mn, Galina Chairman Abdel Wahed Soliman tells Al Mal. The agrifoods company, which is 98% owned by the Soliman family, produces frozen fruits and vegetables and exports 95% of its produce.