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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
AngloGold Ashanti to buy Centamin in USD 2.5 bn transaction in bid to acquire Egypt’s Sukari mine
The transaction is expected to close in 4Q 2024
Fertiglobe rubber stamps EUR 397 mn green ammonia offtake agreement with Germany’s H2Global. PLUS: Oil found, mystery Chinese auto company eyes Egypt, Japanese schools in the works, flight incentives
The move comes over a month after Fertiglobe was selected as the winning bidder in H2Global’s pilot auction
Malaysia’s Proton to start producing locally made autos in early 2025. PLUS: Talgo, Aton + Ankh + Centamin, IFC + Tanmiya Capital Ventures, Fujifilm
The company plans to invest some EGP 2 bn during the first two years of production
Polaris Parks is set to invest EGP 5 bn in new industrial complexes. PLUS: News from Saudi Drilling & Exploration, Jade Textile, EEHC
The company is waiting for five plots to be allocated
Qatar throws its weight into tussle over China minerals dominance
The Qatar Investment Authority’s USD 180 mn investment in TechMet will beef up the company’s investments in mineral extraction and…
Beltone secures SME finance license. PLUS: MO Group, Safir
“We are dedicated to providing innovative and tailored financing solutions to meet the needs of SMEs,” said Beltone SMEs CEO
Gov’t wants to set up a pharma raw material hub. PLUS: News from OPay, Telecom Egypt, Madinet Masr
The hub will aim to meet local market needs and regional exports
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