M&A Brief of the Week

Titan Cement International

Titan Cement International has to submit the MTO after acquiring an indirect majority stake in Alexandria Portland Cement, following its acquisition of Alexandria Development Ltd.

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Crédit Agricole

Crédit Agricole Corporate and Investment Bank announced completing the sale of a 6% stake in Banque Saudi Fransi at a price of SAR 30 per share to RAM Holdings, an investment vehicle controlled by Ripplewood Advisors.

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Noor Financial Investment

Noor Financial Investment has signed a preliminary agreement with its subsidiary Noor Telecommunication Company for a merger between both companies.

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Holding Company for Construction and Development

The Holding Company for Construction and Development says it intends to merge six subsidiaries working in the contracting sector.

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Cotton & Textile Industries Holding Company

Egypt’s Cotton & Textile Industries Holding Company says it intends to merge 31 subsidiaries into 10 companies.

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Coded Minds

Dubai-based education company, Coded Minds, acquired EdgeMakers STEM Learning Lab, a global education company.

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KAMCO Investment

CMA has approved the merger between KAMCO Investment and Global Investment House.

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Shaleem Petroleum Company

Shaleem Petroleum Company signed an agreement to acquire Weatherford International Oman.

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Cleopatra Hospital Co

Cleopatra Hospital Co. is looking to acquire one of the largest vitro fertilization (IVF) centres in Egypt by the beginning of 2020.

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Decypha Contribution Time: 01-Dec-2019 10:06 (GMT)
Decypha Last Update Time: 01-Dec-2019 10:06 (GMT)