M&A Brief of the Week

Swvl Holdings Corporation

Swvl Holdings Corporation has entered into a definitive agreement to acquire Urbvan Mobility, a Mexico-based shared mobility platform.

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Paint and Chemicals Industries

Paint and Chemicals Industries (Pachin) has received a non-binding mandatory tender offer (MTO) from an industrial investment company to acquire at least 51% of Pachin’s issued capital.

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Agthia Group

The board of Agthia Group has approved to acquire a 60% stake in Auf Group, an Egypt-based healthy snacks and coffee manufacturer and retailer.

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The National Company for Learning and Education

The National Company for Learning and Education (NCLE) will own the entire shares in Al Salam Education and Training Company for SAR 72 million.

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EasyLease Motorcycle Rental

EasyLease Motorcycle Rental, a subsidiary of International Holdings Company (IHC), has acquired a 55% stake in The Captain’s Club, the UAE’s biggest boat club, in exchange for AED 70 million.

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Infinity

Infinity, an Egypt-based renewable energy company, and Africa Finance Corporation (AFC) will acquire Lekela Power, including its 1.8 GW pipeline of greenfield projects.

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Imperial

Imperial, owned by DP World, has received the approval to acquire a 100% stake in the J&J Group, which offers end-to-end logistics solutions along the Beira and North-South corridors in South-East Africa.

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Decypha Contribution Time: 21-Jul-2022 20:49 (GMT)
Decypha Last Update Time: 21-Jul-2022 20:50 (GMT)