M&A WATCH- Global commodities giant Louis Dreyfus’ local affiliate, Al Mona Misr, has presented a bid to acquire Misr Capital Investment’s 42.96% stake in National Company for Maize Products (NCMP), according to an EGX filing. Al Mona’s bid is non-binding, but, if approved, the company will submit a mandatory tender offer to purchase 100% of NCMP. Archer Daniels Midland (ADM)’s Swiss unit made a rival bid for NCMP last month. Al Mal says Cairo Three A Group is also interested in the company. NCMP produces fructose and glucose syrups as well as starches for the pharma, food, paper and other industries. ADM and Dreyfus are two of the four “ABCD” companies that dominate the global commodities trade, alongside Cargill and Bunge. ADM moved directly into Egypt back in late 2015 when it announced it would acquire a 50% stake in Medsofts; the transaction was completed (pdf) last July.

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