M&A WATCH- New Smart purchases 18% stake in Egyptians for Housing and Development: New Smart for Industrial and Commercial Investments has purchased an 18.17% stake in Egyptians for Housing and Development (EHDR) for EGP 79.6 mn, according to an EGX disclosure (pdf). The company said it had purchased 20.62 mn shares in the company for EGP 3.86 per share.

Tags: