Acquisition

Egypt among top 3 active MENA countries for mergers, acquisitions - IDSC

Thu, 20 Oct 2022 - 04:50 GMT

The data showcased in the infographic was based on a recent report released by Baker McKenzie in October.

Abu Dhabi Ports acquires majority stake in two Egyptian companies by $140M

Wed, 14 Sep 2022 - 07:14 GMT

The acquisition of these two Egyptian-based companies is the first international acquisition of Abu Dhabi Ports Group.

valU acquires 100% of Fintech company Paynas

Tue, 23 Aug 2022 - 02:17 GMT

“Joining forces with Paynas will act as a gateway for valU to reach micro, small and medium businesses who are considered to be the backbone of the economy, with the goal to unlock various opportunities to both employers and employees,” it stated.

Sipes announces its intention to acquire Pachin at price of LE17.5-18.5 per share

Sun, 07 Aug 2022 - 03:48 GMT

The non-binding offer is to acquire 100 percent of the issued capital of the company, minus the number of shares needed for the company to continue to be listed on the Egyptian Stock Exchange (EGX), with a minimum of 60 percent of the company's issued capital for implementation.

Banque Misr acquires all shares of Banque du Caire

Thu, 28 Apr 2022 - 02:05 GMT

According to the statement, the share that Banque Misr purchased in Banque du Caire belongs to the share of Misr Capital Company.

Recent acquisitions support economic development in Egypt: ADQ

Wed, 13 Apr 2022 - 02:47 GMT

Alsuwaidi elaborated , according to a statement, that ADQ has implemented many investment opportunities in pursuit of strong commercial benefits and sustainable growth since the launch of a strategic investment partnership platform with the Sovereign Fund of Egypt, valued at $20 billion.

Orascom Construction approves acquisition of 3 companies at $35M

Tue, 28 Dec 2021 - 02:58 GMT

The acquisition amounts to a total of $35 million, including the sale and purchase agreement (agreements) and other required legal documents.

Tyro, Nafham acquisition to extend user base, tech capabilities

Mon, 15 Nov 2021 - 04:11 GMT

The agreement entails Tyro’s leadership taking over Nafham’s management and operations to enhance the customer experience of Nafham’s 6 million users.

EGX announces he details of "ABC's offer to acquire BLOM Bank Egypt

Mon, 26 Jul 2021 - 05:13 GMT

The purchase offer price is LE 22.33 per share, and the execution and settlement currency is equivalent to $1.42 per share.

Egypt's Sovereign Fund, EFG Hermes sign agreements for acquiring 76% of Arab Investment Bank

Thu, 20 May 2021 - 12:53 GMT

The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to LE 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.

Acquisition deal of AiBank by EFG Hermes, Egypt's Sovereign Fund still not valued

Mon, 29 Mar 2021 - 04:01 GMT

This came in a statement issued by the company, Monday, in response to the stock market’s inquiries regarding the deal to acquire the financial group Hermes and Egypt's sovereign fund of a 76 percent stake in the Arab Investment Bank.

Emirati "Aldar" bidding to acquire majority stake in Egyptian "SODIC"

Mon, 15 Mar 2021 - 12:08 GMT

SODIC added in a statement to the Stock Exchange, Sunday, that the estimated purchase price is between LE 18 and LE 19 per share, through a compulsory purchase offer on the entire company's shares.

Orascom Financial acquires 29.2% of Sarwa Capital shares

Thu, 11 Feb 2021 - 04:45 GMT

Beltone announced earlier that Orascom Investment Holding sold its entire stake in Sarwa Capital Holding for Financial Investments.

HC Securities denies signing agreement with Banque du Caire regarding possible acquisition

Mon, 08 Feb 2021 - 04:03 GMT

It added that the company reserves its right to respond, and to take all legal measures against anyone who publishes incorrect news, without referring to the company’s management.

Speed Hospitals acquires 50% of New Al-Safwa Specialized Hospital

Sun, 07 Feb 2021 - 12:33 GMT

The share of "Speed ​​Hospitals" is estimated at 50 percent of Al-Safwa Hospital

Ahli United Bank announces update on AUB Egypt acquisition

Mon, 26 Oct 2020 - 11:43 GMT

During the tender offer period, Ahli United Bank – Egypt’s shareholders with a combined shareholding of 10.2 percent tendered their shares to AUB.

Global Telecom approves VEON’s offer to acquire $2.3B assets

Sun, 18 Aug 2019 - 04:26 GMT

Global Telecom Holding announced the approval of its board of directors to the offer submitted by VEON Ltd. to acquire the company’s assets for $2.3 billion.

IBM Closes Landmark Acquisition of Red Hat for $34 Billion

Thu, 11 Jul 2019 - 12:11 GMT

The acquisition redefines the cloud market for business. Red Hat's open hybrid cloud technologies are now paired with the unmatched scale and depth of IBM's innovation and industry expertise, and sales leadership in more than 175 countries

Orascom Investment withdraws acquisition offer of NILE Sugar

Tue, 09 Jul 2019 - 01:38 GMT

It also approved to grant a shareholder’s loan to its subsidiary Beltone Financial Holding amounting to $1.55 million.

Prime Holding agrees to acquire two of Pharos’ subsidiaries

Wed, 26 Jun 2019 - 04:58 GMT

The offer acquires the purchase of 100 percent of Pharos Securities and Pharos Investment Banking.

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