SODIC appoints CI Capital as advisor on potential transaction with MNHD

M&A WATCH- SODIC appoints CI Capital as advisor on potential transaction with MNHD: Our friends at SODIC confirmed yesterday that they have appointed CI Capital as advisor on a transaction that could see SODIC and developer Madinet Nasr Housing and Development (MNHD) combine their businesses. Both SODIC and MNHD expect it could take approximately two months to complete an initial assessment of how the businesses might be combined and what the transaction mechanism could look like. MNHD has tapped EFG Hermes as advisor and Zaki Hashem & Partners as legal counsel. SODIC has yet to appoint counsel. The two companies began talks on a possible combination last month.