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MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
Industrial stocks are still divorced from earnings performance
Industrial players are seeing somewhat varied stock performances, with most EGX-listed industrial stocks continuing on the downward trajectory that began…
Credit Agricole and Banque du Caire are both feeling acquisitive
We have two other M&A stories for you this morning: Up first: Credit Agricole will purchase a 4.8% stake in…
The UAE’s Chimera eyes GB Auto’s leasing arm
Chimera to take stake in GB Lease? GB Auto subsidiary GB Capital is in talks with our friends at Abu…
THIS EVENING: Chimera wants 45% of GB Lease + Expedition isn’t upping its MTO for Domty. Plus: It’s energy everywhere abroad
Happy almost-THURSDAY, friends. It’s almost the weekend, and we have a capital markets-heavy news day to show for it. But…
Big gas find in Cyprus could benefit Egypt + GB Auto to assemble Chinese trucks
Another big East Med gas find: Eni and TotalEnergies have made a “significant” gas discovery in a shared exploration block…
GB Auto shrugs off auto sector headwinds to post 31% bottom line growth
GB Auto net income up 31% in 2Q despite market challenges: GB Auto shrugged off the multiple headwinds facing the…
GB Auto to open passenger car factory in Sadat City next year
GB Auto is working on transforming a brownfield site in Sadat City into a passenger car and light commercial vehicle…
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