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Sign of the times for cement
Suez Cement is going to go private after trying to buy out as many minority shareholders as possible. Shareholders sold…
Egypt’s largest-ever M&A goes kaput
Big Red isn’t going to rebadge as STC: Vodafone Group has terminated discussions with the Saudi Telecom Company (STC) over…
A smattering of M&A news to keep things interesting
Nutrien has agreed to drop its arbitration claims against a subsidiary of Misr Fertilizers Production Company (Mopco) as part of…
Tons and tons of M&A news
Greek energy company Energean has completed the acquisition of Edison’s energy portfolio, which includes substantial oil and gas assets in…
What the markets are doing on 17 December 2020
The EGX30 fell 0.7% yesterday on turnover of EGP 1.5 bn (9.5% above the 90-day average). Foreign investors were net…
ODH sells affordable housing arm
An unnamed UK-based fund has acquired 100% of New City Housing and Development for EGP 365 mn, Al Mal reports…
ODH offloading affordable housing arm
Orascom Development Egypt’s (ODH) board has approved plans to sell the company’s 35% stake in affordable homes builder New City…
Revenge of the Luddites
Ibnsina Pharma has ended its standoff with the Pharmacists Syndicate, announcing yesterday that it would walk back its acquisition of…
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