MM Group to increase stake in Kuwait Distribution to 59.1%

MM Group for Industry and International Trade is planning to increase its stake in Kanawat Distribution to 59.1% from 37.5%, according to an EGX disclosure (pdf). The company is expecting to finalize the transaction “within days,” IR manager Ashraf Ghannam tells Al Mal. Ghannam didn’t mention the shareholders MM is looking to buy out.