IPO WATCH- Is Pyramid Poultry playing hard to get? Pyramid Poultry is reportedly considering an IPO despite an active acquisition offer from agricultural commodity trader and manufacturer Cairo 3A, Pyramid Poultry head Anwar El Abd told local news sources. The acquisition by Cairo 3A is one of three options the company is considering, he said. An IPO is also under consideration, in addition to only selling a minority stake in the company. He appeared to imply that the acquisition by Cairo 3A was its first option “if the price is right.” We had noted earlier this month that negotiations with Cairo 3A are in an advanced stage and an agreement might be reached in 1Q2019.

Advisors: CI Capital and Al Tamimi & Company are advising Pyramid Poultry while Matouk Bassiouny is advising Cairo 3A.

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