EFSA greenlights sale of NBK Capital’s Egyptian brokerage arm

M&A WATCH- The Egyptian Financial Supervisory Authority (EFSA) has reportedly signed off on the EGP 27.5 mn sale of NBK Capital’s local brokerage arm to consortium led by businessman Ramses Attiya. The group is said to have acquired an 80% stake, while investors Mohamed Keshk and Ali Allouba are each expected to close on the acquisition of 10% stakes by the end of April.