Chemical Holding to acquire half of Al Ahli Capital’s stake in WAPHCO

M&A WATCH- Chemical Holding to acquire 10% stake in phosphate company: The Chemical Industries Holding Company is closing in on the acquisition of half of Al Ahly Capital’s 20% stake in El Wady for Phosphate Industries and Fertilizers in a transaction worth EGP 40 mn, Al Mal reports, citing an unnamed government source. According to the source, the acquisition is in the final phase and should be formally announced within days. Pharos is brokering the transaction.