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GSK is staying put — for now
GSK puts Egypt exit on the backburner: GlaxoSmithKline has shelved plans to sell its units in Egypt and Tunisia following…
UAE’s Aldar makes offer for majority stake in Sodic
The UAE’s Aldar wants a controlling stake in Sodic: Emirati real estate firm Aldar Properties has submitted a non-binding offer…
Banque Misr will take 90% of CI Capital, firm to remain EGX-listed
Banque Misr will get the 90% stake in CI Capital it sought after a majority of the company’s shareholders agreed…
GSK, Hikma end acquisition talks
Hikma Pharma won’t be acquiring GlaxoSmithKline’s Egypt unit: GSK and Hikma Pharma have agreed to end talks over a takeover…
The markets on 11 March 2021
The EGX30 fell for a third day in a row, shedding 0.2% at today’s close on turnover of EGP 1.2…
Hassan Allam Utilities eyes expansion into transport through M&A
HA Utilities Holding (HAUH) could soon expand into Egypt’s transport and logistics sector after it submitted a non-binding offer to…
What the markets are doing on 10 March 2021
GLOBAL M&A WATCH- It’s a record-breaking year for domestic M&A in China, with the country seeing USD 77.5 bn of…
Gulf consortium eyes stake in Empower
Empower to raise EGP 400 mn from stake sale to Gulf consortium: A consortium of three Gulf companies and banks…
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