Cairo – Mubasher: Al Ahly Capital acquired International Co. For Livestock at a value of EGP 1 billion, said Al Ahly Capital CEO Khalid Badawi.
International Co. For Livestock was a subsidiary of the National Bank of Egypt (NBE).
Through the takeover, Al Ahly Capital aims to implement an industrial project in the farm of the International Co. For Livestock, Al-Masry Al-Youm newspaper reported, citing Badawi as saying.
Initial investments of the project are estimated at EGP 3 billion during the coming three or four years.
