Adeptio completes purchase of minority stake in Americana Egypt

M&A WATCH- Adeptio completes purchase of minority stake in Americana Egypt: Adeptio completed the purchase of a 9.6% stake in Americana Egypt on Wednesday following a two-year dispute with the Financial Regulatory Authority (FRA) and minority shareholders over the company’s valuation, Al Mal reports. The FRA finally approved the transaction earlier this month after the Emirati outfit raised its offer price to EGP 6.32 per share, having previously had an offer of EGP 3.90 rejected by the regulator.