{"id":617600,"date":"2024-03-25T00:00:00","date_gmt":"2024-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/25\/efg-hermes-concludes-advisory-on-arafa-holding-demerger-plus-gcc-alliance-eyes-25-stake-in-city-lab-egypt\/"},"modified":"2024-03-25T00:00:00","modified_gmt":"2024-03-25T00:00:00","slug":"efg-hermes-concludes-advisory-on-arafa-holding-demerger-plus-gcc-alliance-eyes-25-stake-in-city-lab-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/03\/25\/efg-hermes-concludes-advisory-on-arafa-holding-demerger-plus-gcc-alliance-eyes-25-stake-in-city-lab-egypt\/","title":{"rendered":"EFG Hermes concludes advisory on Arafa Holding demerger. PLUS: GCC alliance eyes 25% stake in City Lab Egypt"},"content":{"rendered":"<p class=\"tag-border-left\">CAPITAL MARKETS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>EFG Hermes concludes advisory on Arafa Holding demerger:<\/strong> Our friends at EFG Hermes have successfully concluded advisory on the demerger of Arafa Holding that took place last week, the investment bank said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2130.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI: <\/strong>The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d4ba01f-009d-4d6f-9d4d-95462b47d3f0\" style=\"\" rel=\"noopener\">demerger<\/a> saw Arafa rebrand as Concrete Fashion Group for Commercial and Industrial Investment and spin off subsidiary GTEX Holding, and the two new firms <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a09d3113-3141-4689-ab51-3a914eca4c8c\/%253cmark%253econcrete-%253c%2Fmark%253efashion-group-to-hit-egx-today\" style=\"\" rel=\"noopener\">began trading<\/a> on the EGX yesterday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** We spoke with newly-appointed deputy CEO Mohamed Talaat last week<\/strong> to find out what prompted the move and what\u2019s next for Concrete, including its global expansion plans. You can read the full story <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6d4ba01f-009d-4d6f-9d4d-95462b47d3f0\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/p>\n<p class=\"tag-border-left\">HEALTHCARE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>GCC alliance eyes 25% stake in City Lab:<\/strong> Medical diagnostic services company <a target=\"_blank\" href=\"https:\/\/citylabegypt.com\/\" style=\"\" rel=\"noopener\">City<\/a><a target=\"_blank\" href=\"https:\/\/citylabegypt.com\/\" style=\"\" rel=\"noopener\">Lab Egypt<\/a> has received an offer from a Gulf consortium of medical companies that includes <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/company\/premium-diagnostics-llc-medical\/about\/\" style=\"\" rel=\"noopener\">Premium Diagnostics<\/a>\u2019 Saudi, Emirati, US, and Egyptian arms to buy up to a 25% stake in the company for EGP 250 mn, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/3\/2100.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a> from the company. The company\u2019s board of directors will meet on Wednesday to discuss and vote on the proposal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The demerger saw Arafa rebrand as Concrete Fashion Group for Commercial and Industrial Investment and spin off subsidiary GTEX Holding<\/p>\n","protected":false},"author":1,"featured_media":617601,"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":[7209],"tags":[111,7396,84,72,7115],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-617600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-concrete-fashion-group","tag-efg-hermes","tag-enterpriseam","tag-healthcare","wpautop","entry"],"acf":{"mongo_id":"b7cb6a7c-bc0a-4e52-a172-625e47fb285c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2189.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EFG Hermes concludes advisory on Arafa Holding demerger. PLUS: GCC alliance eyes 25% stake in City Lab Egypt","related_issue":[617588],"teaser":"The demerger saw Arafa rebrand as Concrete Fashion Group for Commercial and Industrial Investment and spin off subsidiary GTEX Holding","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.89cc6b9e-70b5-4795-83fd-b00bc67aee93.mp3"},"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>EFG Hermes concludes advisory on Arafa Holding demerger. PLUS: GCC alliance eyes 25% stake in City Lab Egypt - 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\/2024\/03\/25\/efg-hermes-concludes-advisory-on-arafa-holding-demerger-plus-gcc-alliance-eyes-25-stake-in-city-lab-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFG Hermes concludes advisory on Arafa Holding demerger. 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