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Domty shares up 20% following Arla acquisition news
Good afternoon, everyone, and a happy almost-weekend to you all. The weather is finally seeing a downturn in temperature, with…
Arla Foods looks to take over Domty in USD 183 mn transaction. PLUS: ECA greenlights AngloGold’s bid for Centamin
Arla is offering to pay EGP 31.48 per Domty share
Military acquires minority stakes in private-sector steel companies
Beshay Steel is one of the largest steel companies in the country
What the markets are doing on 5 March, 2023
MARKET NEWS- Domty’s net income increased 267% y-o-y to EGP 265.7 mn in 2022, according to adisclosure(pdf). Revenues reached EGP…
Egypt in the News: Our FX bonds are on the up + the FT has a love letter for Egyptian tourism
FROM THE DEPT. OF GOOD NEWS: Egypt’s USD-denominated bonds have gained 5% this week, giving them a spot among the…
Expedition Investments consortium completes Domty acquisition
Domty acquisition finalized: A consortium of investors led by Expedition Investments received a 32.9% stake (93.0 mn shares) for EGP…
Expedition Investments consortium acquires 33% of Domty
Expedition bags (almost) all of its targeted shares in Domty: Shareholders in EGX-listed Domty agreed to sell 93.0 mn shares…
THIS EVENING: Expedition gets most of the Domty shares it wanted + Tabreed is investing EGP 1.6 bn in Egypt + We’re getting EGP 2 coins
Good afternoon, friends. It’s a busy Wednesday afternoon here in Omm El Donia, with a little bit of everything coming…
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