M&A WATCH- HC Securities and Investment will acquire an undisclosed stake in an unnamed service company for USD 25 mn in 1H2020, CEO Hussein Shoukry told Reuters. Shoukry did not provide any further details and was not specific about what industry or segment the service company might be in.

The Egyptian investment bank will also act as the financial advisor on three regional acquisitions worth a combined USD 300 mn during the first half of the year, he said. The first transaction will see an Emirati investor buy a Saudi education company, the second is for a European investor’s acquisition of one Jordanian and one Egyptian company, and the third project is for a Saudi investor buying a UAE-based food company.

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