Al Ahly Investments acquires 21% capital of Sohag National Food Industries’

M&A WATCH- National Investments Co. has acquired a 21% stake in Sohag National FoodIndustries’ (SNFI) for EGP 190 mn, SNFI Chairman Mamdouh Fouad told Al Mal. The agreement was executed through the Helwan Securities Brokerage, as opposed to the EGX, informed sources added. The investment will be used to fund a new pasta plant and a solar power facility, Fouad said.