M&A WATCH- Univert is seeking a minority stake in Sohag Food Industries: Pasta-maker Univert Food Industries has opened talks to acquire a 10% stake in Sohag Food Industries, Al Mal reported, citing unidentified sources. Univert is looking to become a shareholder in order to secure a reliable supply of flour needed for production.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…