Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources

M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources close to the matter told the local press. Negotiations have reportedly reached the final stages, and the acquisition is expected to be completed within a month. Cairo 3A plans to expand Pyramid Poultry following the acquisition.

Advisors: Matouk Bassiouny & Hennawy is acting as legal advisor for Cairo 3A while CI Capital is acting as financial advisor for Pyramid Poultry andAl Tamimi & Co as its legal advisor.