NBE extends bidding process period for Emisal Salts to end of month

M&A WATCH- Bidders have until the end of this month to submit tender offers for Emisal: The National Bank of Egypt is giving would-be bidders until the end of the month to make offers for Emisal Salts, company sources told the local press. Earlier this week, a consortium made up of Kuwait’s Al Madar Finance and Investment and the Saudi-Egyptian Industrial Investment (SEII) said it was looking to acquire Emisal, potentially triggering a bidding war with Egypt Kuwait Holding, which had made an approach back in February. NBE is leading the sale process on behalf of other state-owned shareholders.