M&A Brief of the Week

Shuaa Capital

Shuaa Capital has sold its 20% equity stake in Mirfa International Power and Water Company (MIPCO) to Sojitz Corporation (Sojitz), a leading Japanese group.

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First Abu Dhabi Bank

First Abu Dhabi Bank (FAB) has completed the share transfer process to acquire 100% of the share capital of Bank Audi Egypt after receiving all necessary regulatory approvals.

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Cleopatra Hospitals Group

Cleopatra Hospitals Group (GHG) announced the termination of the conditional sale and purchase agreement (SPA) for the acquisition of Alameda Healthcare Group in Egypt and the operational merger of hospitals and medical units.

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Cleopatra Hospitals Group

Cleopatra Hospitals Group (CHG) has submitted a request to the Egyptian Financial Regulatory Authority (FRA) to make a mandatory tender offer (MTO) for 100% of the shares of Alexandria Medical Services - Alexandria New Medical Center.

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Agthia Group

Agthia Group's shareholders have approved to acquire an 80% stake in Nabil Foods, a Jordan-based producer of frozen and chilled processed protein products after receiving the required regulatory approvals.

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Raya Contact Center

A Gulf-based firm operating in the business process outsourcing sector has accepted Raya Contact Center's binding offer for the acquisition of 100% of the issued capital of the company.

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Development Works Food Company

Development Works Food Company has signed a six-month agreement to acquire 100% of Seafood Restaurants Company’s shares in exchange for the issuance of shares in the listed firm.

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Egyptian Financial Group Hermes Holding

Egypt’s Cabinet has granted approval to the Egyptian Financial Group Hermes Holding (EFG Hermes) and the Sovereign Fund of Egypt (TSFE) to acquire a 76% stake in the Arab Investment Bank (aiBANK).

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Decypha Contribution Time: 20-May-2021 16:19 (GMT)
Decypha Last Update Time: 20-May-2021 16:19 (GMT)