M&A WATCH-

French development finance institution Proparco, private equity firm Amethis, and SPE Capital are together targeting more than 80% stake in Delta Chemicals, in a deal potentially valued at some USD 50 mn, Asharq Business reports, citing two unnamed sources.. The sources say the consortium has already secured approval from the Egyptian Competition Authority, though final execution is pending regulatory and procedural clearances.

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EXPANSION-

Homegrown Fridal eyes Gulf expansion: Egyptian fragrance and personal care company Fridal is in talks with a Saudi firm to expand distribution in Gulf markets, CEO Tarek Aboubakr told Cairo Weekend’s Zeina Soufan (watch, runtime: 8:13). The company plans to begin with distribution and later establish factories in the region.

More plans in the pipeline: The expansion plans come as Fridal looks to grow its exports from 30% to 50% of production by next year. The company also aims to widen its portfolio from 400 to 600 products by 2026, including new perfume and body splash lines, to tap into rising demand across the region.

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