Eagle Advisors

Ezz Steel to acquire Abou Hashima’s stake in Egyptian Steel

Ezz Steel is moving forward with its bid to acquire Ahmed Abou Hashima’s 18% stake in Egyptian Steel, announcing yesterday in an EGX filing (pdf) that it has offered to purchase the shares in a transaction that would value the company at almost EGP 14 bn. The steel giant’s board of directors has approved the…