Cairo – Mubasher: HC Securities & Investment is close to draft two acquisition deals worth a total value of EGP 5 billion, the company's Chairman and Managing Director, Hussein Choucri, said.
The first deal is for a packaging firm in North Africa and the second is in the pharmaceuticals sector in Egypt, the chairman added in a statement on Monday.
Choucri confirmed that there is no intention to sell the company, noting that the company's 2022 strategy includes managing acquisition deals with EGP 4 billion and launching two new branches besides its eight branches.
In 2021, the company managed several deals as it acted as a co-advisor for MAC Beverages Ltd and its affiliates on the sale of a 52.7% stake in Coca-Cola Egypt for $427 million.
The company also advised on the acquisition of Bakemart UAE by Saudi Arabia's Almarai for $25 million.
Recently, HC Securities & Investment signed a cooperation agreement with Contact Factoring to finance the former's customers conducting margin trading at a value of EGP 400 million.
It is noteworthy to mention that the company's assets under management reach EGP 6.8 billion.
