Three investors bidding for majority stake in Egypt’s Makkasa Sport

Misr for Central Clearing and Depository (MCDR) is considering three offers for its stake in Makkasa Sport — which owns Misr Lel Makkasa SC — after rejecting three others for failing to meet its EGP 80-85 mn valuation, the local press reports, citing sources close to the transaction. Those still in the running for the company’s 71% stake include state-owned Estadat Holding, an unnamed Kuwaiti investor, and an unnamed sporting club, according to the sources. The company will now hold individual meetings with the potential buyers and could make a decision in the coming weeks.