OIH’s board agrees to fair value for Nile Sugar acquisition

M&A WATCH- OIH board agrees to fair value for Nile Sugar acquisition: Orascom Investment Holding’s board of directors has given a green light to an EGP 2.84 per share bid for Nile Sugar Company, the local press reported. The board had previously given the green light to the acquisition at an estimated cost of EGP 3.76 bn; OIH hired last year BDO Corporate Finance to conduct a fair value report on Nile Sugar Company. The company had initially planned to complete the transaction by end-2018.