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Delta Sugar denies it’s the subject of an ADQ takeover bid
ADQ is being linked to everyone right now: Delta Sugar has denied knowledge of a rumored acquisition bid by Abu…
B investments has a month to pre-empt Adnoc’s play for half of TotalEnergies Egypt
Could B Investments pre-empt Adnoc’s bid for TotalEnergies Egypt? Private equity outfit B Investments is “evaluating all options” after Adnoc…
THIS EVENING: B Investments hasn’t decided whether to exercise its preemption rights in Adnoc acquisition + China reports slowing factory activity as KSA sees booming growth
Good afternoon, wonderful people. It’s a relatively calm start to the week, after last week saw the news cycle dominated…
Swvl has terminated its acquisition of UK-based Zeelo due to “market volatility”
Swvl’s acquisition of UK-based smart bus platform Zeelo is off: Cairo-born mass transport app Swvl will not be acquiring UK…
Adnoc is buying 50% of filling station chain TotalEnergies Egypt
Adnoc is entering Egypt’s fuel retail space: The distribution arm of Abu Dhabi National Oil Company (Adnoc) has agreed to…
Chimera will get at least 56% of Beltone after OFH accepts offer
Orascom Financial sells Beltone stake to Chimera: Chimera Investments will acquire at least 56% of Beltone Financial after Orascom Financial…
Infinity, AFC eye USD 4 bn to double Lekela’s capacity
Infinity + AFC plan USD 4 bn investment to double Lekela’s capacity: Our friends at renewables player Infinity Group and…
TONIGHT: OFH agrees to fully exit Beltone + EU to cut gas consumption by 15%. ALSO- FRA capital markets strategy will undergo public hearings.
It’s quite a hump day, ladies and gentlemen. We have big news on the capital market front, while Europe is…
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