Pharos was sell-side adviser on the sale of National Paper Products to Mondi

M&A WATCH- Pharos was sell-side adviser on the sale of NPP to Mondi: Our friends at Pharos Holding were sell-side advisors on the sale of 100% of National Company for Paper Products (NPP) to Mondi Group for USD 29 mn (EGP 510 mn), the firm said in a statement on Sunday (pdf). The sale of the provider of the Kraft paper bag packaging to London- and Johannesburg-listed Mondi highlights the appeal of Egyptian industry to foreign investors, the firm said. “Investor sentiment towards Egypt is turning positive and continues to improve as Egypt reaps the benefits of its economic reforms,” said Pharos Managing Director and Co-CEO Aladdin El-Afifi. Al Tamimi and Co. were the legal advisors on the transaction.