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Author Archives: enterpriseam admin
Posted inEnterprise+: Last Night’s Talk Shows
Real estate, Afcon dominate the airwaves
Gov’t keen on supporting real estate sector: Prime Minister Moustafa Madbouly’s speech at the Benaa Misr forum was the highlight of Al Hayah Al Youm with Khaled Abu Bakr (watch, runtime: 03:01). Madbouly said that the government is keen on supporting the real estate industry and urged developers to work on increasing the country’s export […]
Posted inSpeed Round
Elsewedy Electric acquires share capital of four Greek renewable energy companies for EUR 55 mn
M&A WATCH- Elsewedy Electric looking to acquire four Greek renewable energy outfits in EUR 55 mn transaction: Elsewedy Electric has entered into a EUR 55 mn agreement to acquire three wind assets and one hydroelectric company from Greece’s R.F. Energy. All four assets are in Greece, Elsewedy said in a statement (pdf) yesterday. The National […]
Posted inSpeed Round
FrieslandCampina to do due diligence on Arab Dairy ahead of bid offer
M&A WATCH- FrieslandCampina to do due diligence on Arab Dairy ahead of bid: Egyptian cheese maker Arab Dairy will let Netherlands-based FrieslandCampina perform due diligence ahead of a potential bid for 100% of Arab Dairy’s, the company said in a bourse filing (pdf). The Panda cheese brand producer said it has received a letter of […]
Posted inSpeed Round
CHG to acquire one of Egypt’s largest IVF centers
M&A WATCH- Cleopatra to acquire one of Egypt’s largest IVF centers: Cleopatra Hospitals Group (CHG) has entered into an agreement to acquire a majority stake in one of Egypt’s largest IVF centers, according to a press release (pdf). CHG did not provide the name of the target company or the size of the stake, but […]
Posted inSpeed Round
UK-based fund enters talks to acquire Euro Mena II’s majority stake in International Eye Hospital
M&A WATCH- UK-based fund enters talks to acquire Euro Mena II’s majority stake in International Eye Hospital: An unnamed UK-based fund is in talks with the Euro Mena II private equity fund to acquire its 51% stake in Egyptian healthcare chain International Eye Hospital, according to unnamed sources speaking with the local press. The report […]
Posted inSpeed Round
Media Production City begins talks to acquire 55% stake in Arab Hotel Company
M&A WATCH- Media Production City to begin talks to acquire 55% stake in Arab Hotel Company: Egyptian Media Production City’s (EMPC) board has greenlit talks to acquire a 55% stake in Arab Hotel Company from Arab Contractors and its affiliates, EMPC said in a bourse filing (pdf).
Posted inSpeed Round
Enara to build USD 600 mn-worth solar plants in Egypt
INVESTMENT WATCH- Enara is planning to build solar plants at a cost of as much as USD 600 mn in El Wadi El Gedeed with a combined capacity of 600 MW, CEO Mohsen Ebeid said. The company has received land from the governorate and is expecting to complete the plants within 9-12 months of breaking […]
Posted inSpeed Round
Eksab receives six-figure seed investment from 500 Startups
STARTUP WATCH- Eksab receives six-figure seed investment from 500 Startups: Egyptian sports startup Eksab has raised a six-figure seed investment from 500 Startups and plans to use the proceeds to fund regional expansion, the company said in a press release (pdf). Eksab is a daily fantasy sports platform allowing users to make predictions about live […]
Posted inSpeed Round
Egypt to provide large custom discounts to power its domestic car industry
EXCLUSIVE- We’re going to be discussing a new set of incentives for the automotive industry this fall. The finance and trade ministries are drafting new incentives to spur domestic manufacturing and assembly that will include large custom discounts on automotive components that peak at nearly 100%, two government sources told Enterprise. Amendments to the Customs […]