Egypt’s Pioneers Holding to acquire 100% of Electro Cable

M&A WATCH- Pioneers Holding to seek 100% of Electro Cable Egypt: Pioneers Holding is looking to acquire 100% of Electro Cable Egypt, valued at EGP 711.5 mn, according to an EGX disclosure (pdf). Pioneers, which already owns 48.5% of Electro Cable through its subsidiary Summu Consulting, plans to go ahead with a mandatory tender offer at EGP 1.35 per share, the firm said on its website.