{"id":672845,"date":"2025-10-01T00:00:00","date_gmt":"2025-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/01\/eastern-company-gets-a-new-shareholder\/"},"modified":"2025-10-01T00:00:00","modified_gmt":"2025-10-01T00:00:00","slug":"eastern-company-gets-a-new-shareholder","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/10\/01\/eastern-company-gets-a-new-shareholder\/","title":{"rendered":"Eastern Company gets a new shareholder"},"content":{"rendered":"

M&A WATCH- <\/p>\n

Eastern Company\u2019s union workers sold their entire 5.2% stake in <\/strong>the tobacco giant<\/strong> to Fidelity Investments in a EGP 6.24 bn transaction, according to an EGX disclosure from the buyer (pdf)<\/a> and another from the seller (pdf)<\/a>. EFG Hermes brokered the transaction.<\/p>\n

\n

AUTOMOTIVE-<\/p>\n

NTRA greenlights IoT-enabled smart cars:<\/strong> The National Telecom Regulatory Authority (NTRA) has licensed seven global carmakers to roll out Internet of Things (IoT) services in Egypt, according to a statement<\/a>. The licenses will allow drivers to access navigation, tracking, and emergency call functions while ensuring user data protection. <\/p>\n

\n

DIPLOMACY-<\/p>\n

Gaza tops the diplomatic agenda: <\/strong>President Abdel Fattah El Sisi pushed for the two-state solution during a meeting yesterday with South Korean special envoy Park Beom Kye, who visited Cairo to mark 30 years of diplomatic ties between the two nations, according to an Ittihadiya statement<\/a>. During the meeting, El Sisi urged countries to recognize the Palestinian state. Meanwhile, Foreign Minister Badr Abdelatty discussed US President Donald Trump\u2019s Gaza ceasefire plan during a call<\/a> with US Secretary of State Marco Rubio. Abdelatty welcomed Trump\u2019s efforts to end the war and pressed for urgent de-escalation, full humanitarian aid access, an Israeli withdrawal from Gaza, and no displacement of Palestinians. <\/p>\n","protected":false},"excerpt":{"rendered":"

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