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What we’re tracking on 14 October 2019
The annual meetings of the IMF and World Bank start today and wrap up on Sunday, with the talk of…
United Oil & Gas’ acquisition of Rockhopper Egypt on track to close by 4Q2019
M&A WATCH- United Oil & Gas’ acquisition of Rockhopper Egypt “progressing well”: Rockhopper Exploration’s sale of its Egypt business to…
Ebtikar acquires additional 4.8% stake in Egyptian e-payments firm Masary
M&A WATCH- Ebtikar acquires additional 4.8% stake in Masary: Ebtikar for Financial Investment, a joint venture between BPE Partners and…
Cairo 3A to acquire majority stake in Pyramid Poultry in coming month -sources
M&A WATCH- Cairo 3A Poultry is close to buying a majority stake in Pyramid Poultry for EGP 500 mn, sources…
Egypt’s United Bank sale moving forward, Amer says
M&A WATCH- United Bank sale moving forward: The CBE has appointed one local and one foreign lead advisor on the…
Arab Dairy turns down buyout offers
M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: Cheesemaker Arab Dairy has turned down “all the offers” it has…
Egypt imposes 20% cap on foreign ownership of private schools
Egypt imposes 20% cap on foreign ownership of private schools: Education Minister Tarek Shawki imposed a 20% cap on foreign…
Pioneers Holding to make five MTOs, split into three companies
Pioneers to make five MTOs: Pioneers Holdings’ board of directors has agreed to make non-cash mandatory tender offers to increase…
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