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Is Beltone in play?
An investor alliance led by WM Consultancy has submitted a non-binding offer to buy a majority stake in Beltone Financial,…
THIS MORNING: FAB isn’ t looking to buy Banque Misr or United Bank
Good morning, friends. We hope your week is off to a great start. THE BIG STORY here at home: Our…
Lekela could be about to get Egyptian + Emirati owners
Infinity + Masdar to take majority stake in Lekela? Renewable energy player Infinity and Emirati firm Masdar are close to…
New pan-African oil giant in town as Tullow, Capricorn merge
Tullow and Capricorn in big oil merger: UK-listed energy firm Tullow Oil is merging with Capricorn Energy — formerly Cairn…
Appetito acquires Tunisian e-grocer Lamma
Cairo-based grocery delivery startup Appetito has acquired Tunisian startup Lamma for an undisclosed sum, it said in a press release…
Raya finalizes Ostool sale
Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn,…
Eastern to acquire 24% of Egypt’s second tobacco manufacturer
It’s official: Eastern will acquire a quarter of Egypt’s second tobacco manufacturer after the company’s general assembly approved the EGP…
Gov’t could sell 20-25% of Egyptalum, potentially to an Arab sovereign fund + 25% of new state-owned hotels company will be listed on the EGX
The state plans to sell a stake in EGX-listed Egypt Aluminum (EgyptAlum) to a “strategic investor,” Public Enterprises Minister Hisham…
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