{"id":604512,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"mm-group-increases-stake-in-kanawat-distribution-to-62-7","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/","title":{"rendered":"MM Group increases stake in Kanawat Distribution to 62.7%"},"content":{"rendered":"<p><b>M&A WATCH- MM Group for Industry and International Trade<\/b> <a href=\"https:\/\/alborsaanews.com\/2018\/12\/04\/1158617\">increased its stake<\/a> in Kanawat Distribution to 62.7% up from 37.5% in a transaction worth EGP 73.9 mn. The acquisition of 21.67% has been completed, while the remaining 3.53% is pending approval from the EGX. We had <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\">previously<\/a> reported that MM Group was going to increase its stake to just north of 59%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- MM Group for Industry and International Trade increased its stake in Kanawat Distribution to 62.7% up from 37.5% in a transaction worth EGP 73.9 mn. The acquisition of 21.67% has been completed, while the remaining 3.53% is pending approval from the EGX. We had previously reported that MM Group was going to increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,7128,1851,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604512","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-ma-watch","tag-mm-group","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"dccb2de9-bef0-4599-ac2e-da93d76666b6","order":"0","is_powered_by":true,"section_story_id":"dd06c7b6-1a38-4d56-9bdd-920fed2b3cd1","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604497],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MM Group increases stake in Kanawat Distribution to 62.7% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MM Group increases stake in Kanawat Distribution to 62.7%\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- MM Group for Industry and International Trade increased its stake in Kanawat Distribution to 62.7% up from 37.5% in a transaction worth EGP 73.9 mn. The acquisition of 21.67% has been completed, while the remaining 3.53% is pending approval from the EGX. We had previously reported that MM Group was going to increase [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T04:23:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MM Group increases stake in Kanawat Distribution to 62.7%\",\"datePublished\":\"2018-12-05T04:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\"},\"wordCount\":65,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&amp;A Watch\",\"MM Group\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/mm-group-increases-stake-in-kanawat-distribution-to-62-7\/\",\"name\":\"MM Group increases stake in Kanawat Distribution to 62.7% - 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This follows a similar transaction in December 2018 which saw MM Group\u2019s stake rise to 62.7%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598085,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/14\/egypts-mm-group-to-acquire-factoring-company-tamweel-by-the-end-of-may\/","url_meta":{"origin":604512,"position":1},"title":"Egypt\u2019s MM Group to acquire factoring company Tamweel by the end of May","author":"enterpriseam admin","date":"14 May 2019","format":false,"excerpt":"M&A WATCH- MM Group to acquire factoring company Tamweel by the end of May: MM Group for Industry and International Trade is planning to complete its acquisition of Tamweel Holding by the end of May in partnership with a group of unnamed investors, Chairman Khaled Mahmoud told the local press.\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595225,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/19\/ebtikar-acquires-additional-9-1-stake-in-e-payments-firm-masary\/","url_meta":{"origin":604512,"position":2},"title":"Ebtikar acquires additional 9.1% stake in e-payments firm Masary","author":"enterpriseam admin","date":"19 September 2019","format":false,"excerpt":"M&A WATCH- Ebtikar acquires additional 9.1% stake in Masary for EGP 40 mn: Ebtikar for Financial Investment, a joint venture between BPE Partners and MM Group, has acquired an additional 9.1% stake in e-payments firm Masary in a transaction worth EGP 40 mn, MM Group said in a statement (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593012,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/14\/ebtikar-ups-stake-in-masary-for-fifth-time-since-july\/","url_meta":{"origin":604512,"position":3},"title":"Ebtikar ups stake in Masary for fifth time since July","author":"enterpriseam admin","date":"14 November 2019","format":false,"excerpt":"M&A WATCH- Ebtikar ups stake in Masary for fifth time since July: Ebtikar for Financial Investment, a joint venture between B Investments, BPE Partners and MM Group, has increased its stake in Egyptian e-payments company Masary to 69.8% from 65.5% in a EGP 18.7 mn transaction, the company said in\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597359,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/24\/ebtikar-acquires-additional-10-stake-in-e-payments-firm-masary\/","url_meta":{"origin":604512,"position":4},"title":"Ebtikar acquires additional 10% stake in e-payments firm Masary","author":"enterpriseam admin","date":"24 July 2019","format":false,"excerpt":"M&A WATCH- Ebtikar acquires additional 10% stake in Masary: Ebtikar for Financial Investment, a joint venture between BPE Partners and MM Group, acquired an additional 10% stake in e-payments firm Masary in a transaction worth EGP 42 mn, MM Group said in a statement to the bourse (pdf). 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