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The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
FAB begins share transfer in Bank Audi acquisition
First Abu Dhabi Bank (FAB) has begun the share transfer process in its acquisition of 100% of Bank Audi’s Egypt…
THIS MORNING: EBRD boss in town for second day + Italy’s recovery program looks a lot like Egypt’s
Good morning, wonderful people. One last sprint and we run headlong into the weekend. We’re unlikely to know before this…
Raya exits transport subsidiary Ostool
Raya offloads stake in transport arm: Raya Holding has signed an agreement to sell its 62.3% stake in shipping subsidiary…
Aldar to begin DD on Sodic “within days” -Magued Sherif
The UAE’s Aldar Properties is expected to begin due diligence on EGX-listed Sodic “within days” as it seeks a majority…
It’s official: 4 investors are in the bidding war for Alex Medical
Healthcare investment firm Seha Capital is the latest to throw its hat in the ring for Alexandria Medical Services as…
What the markets are doing on 20 April 2021
GLOBAL M&A WATCH- UK competition watchdog to probe multi-bn acquisition of country’s most valuable tech business: The UK’s Competition and…
Sodic taps EFG Hemes to advise on acquisition bid
Sodic appointed EFG Hermes to act as its financial advisor in Aldar Properties’ bid to acquire 51% of the Egyptian…
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