MM Group increases stake in Kanawat Distribution to 72.6%

M&A WATCH- MM Group increases stake in Kanawat Distribution to 72.6%: MM Group for Industry and International Trade increased its stake in Kanawat Distribution to 72.6%up from 62.7%, according to a bourse filing (pdf). This follows a similar transaction in December 2018 which saw MM Group’s stake rise to 62.7% from 37.5% in a transaction worth EGP 73.9 mn.