CORRECTION- We had incorrectly said in our Monday issue that Pioneers Holding was looking to acquire 100% of Electro Cable Egypt in a transaction valued at as much as EGP 711.5 mn; that figure actually represents the value of 100%, and Pioneers Holding already owns 48.5% of the company. That implies the acquisition is actually worth closer to EGP 366 mn. We have corrected the story on our website.

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