{"id":621671,"date":"2018-11-14T04:31:39","date_gmt":"2018-11-14T04:31:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/"},"modified":"2018-11-14T04:31:39","modified_gmt":"2018-11-14T04:31:39","slug":"mm-group-to-increase-stake-in-kuwait-distribution-to-59-1","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/","title":{"rendered":"MM Group to increase stake in Kuwait Distribution to 59.1%"},"content":{"rendered":"

MM Group for Industry and International Trade<\/a> is planning to increase its stake in Kanawat Distribution<\/a> to 59.1% from 37.5%, according to an EGX disclosure (pdf)<\/a>. The company is expecting to finalize the transaction \u201cwithin days,\u201d IR manager Ashraf Ghannam tells Al Mal<\/a>. Ghannam didn\u2019t mention the shareholders MM is looking to buy out.<\/p>\n","protected":false},"excerpt":{"rendered":"

MM Group for Industry and International Trade is planning to increase its stake in Kanawat Distribution to 59.1% from 37.5%, according to an EGX disclosure (pdf). The company is expecting to finalize the transaction \u201cwithin days,\u201d IR manager Ashraf Ghannam tells Al Mal. Ghannam didn\u2019t mention the shareholders MM is looking to buy out.<\/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":[9315],"tags":[72,10811,2390,338,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621671","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-mas","tag-other-business-news-of-note","tag-retail","tag-trade","wpautop","entry"],"acf":{"mongo_id":"74fefc2b-eb65-4a87-bb42-961cb8e2c392","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"MM Group to increase stake in Kuwait Distribution to 59.1%","related_issue":[621638],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.41749fe7-cd4f-4b68-bcb3-9eb912c61efb.mp3"},"yoast_head":"\nMM Group to increase stake in Kuwait Distribution to 59.1% - 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\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MM Group to increase stake in Kuwait Distribution to 59.1%\" \/>\n<meta property=\"og:description\" content=\"MM Group for Industry and International Trade is planning to increase its stake in Kanawat Distribution to 59.1% from 37.5%, according to an EGX disclosure (pdf). The company is expecting to finalize the transaction \u201cwithin days,\u201d IR manager Ashraf Ghannam tells Al Mal. Ghannam didn\u2019t mention the shareholders MM is looking to buy out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-14T04:31:39+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\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MM Group to increase stake in Kuwait Distribution to 59.1%\",\"datePublished\":\"2018-11-14T04:31:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\"},\"wordCount\":62,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"M&As\",\"Other Business News of Note\",\"retail\",\"trade\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/14\/mm-group-to-increase-stake-in-kuwait-distribution-to-59-1\/\",\"name\":\"MM Group to increase stake in Kuwait Distribution to 59.1% - 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Ashraf Al\u2026","rel":"","context":"In "Speed Round"","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":590444,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/mti-to-acquire-40-of-b-investments-b-pharma\/","url_meta":{"origin":621671,"position":4},"title":"MTI to acquire 40% of B Investments\u2019 B Pharma","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"The transaction values B Pharma at around EGP 512.5 mn","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/759.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621901,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/investors-to-buy-20-25-stake-in-ostoul-capital-group\/","url_meta":{"origin":621671,"position":5},"title":"Investors to buy 20-25% stake in Ostoul Capital Group","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"M&A WATCH- Gulf investors are acquiring as much as 25% of Ostoul Capital Groupunder a planned capital increase, CEO Ali Al Ghannam told Al Mal. 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