M&A WATCH- Egypt Kuwait Holding (EKH) more than doubled its stake in Mohandes Insurance to 20.4% in a EGP 109.7 mn transaction, according to a regulatory filing (pdf) on Thursday. EKH, which already owned a 10% stake in the company, acquired the bulk of the shares from the National Bank of Egypt, which sold its 10% stake for EGP 105 mn, according to a bourse filing (pdf). Pharos Holding executed both transactions on the OTC market.

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