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IFC sells down stake in National Printing Company
The International Finance Corporation (IFC) has offloaded its entire 14% stake in National Printing Company in an EGP 175.9 mn…
Bidding war for Pachin?
Pachin has another potential suitor: EGX-listed Paint and Chemical Industries (Pachin) has received a non-binding offer from Universal Building Materials…
Saudi wealth fund could acquire United Bank this year, appoints advisers on transaction
Saudi Arabia’s sovereign wealth fund could purchase United Bank from the Central Bank of Egypt (CBE) before the end of…
THIS EVENING: Chimera’s acquisition of Beltone is now executed + The Bank of England delivered its biggest rate hike since ‘95
Happy THURSDAY, wonderful people. We’re never sure if the summer slowdown is real, but we’re almost certain that summer Thursdays…
Chimera is getting 56% of Beltone, and no more
It’s official: Chimera is Beltone’s new majority shareholder: Chimera Investments acquired a 56% stake in Beltone Financial through its mandatory…
THIS MORNING: We have a big news day ahead of us + China prepares for huge military drills in response to Pelosi Taiwan visit
Good morning, wonderful people. We have a particularly packed issue for you on this very beautiful morning — and the…
Global M&A isn’t in Kansas anymore
Global M&A activity has slowed dramatically this year: The value of global M&A transactions has fallen almost a third so…
Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
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