M&A Brief of the Week

International Holdings Company

International Holdings Company has announced that it completed all the procedures required for the purchase of all of Shuaa Securities’ shares with a value AED 98.5 million.

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Cleopatra Hospital Co

Cleopatra Hospital Co. approved the acquisition of 100% of a medical group owning several hospitals in an Arab country.

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Americana Group for Food and Touristic Projects

Americana Group for Food and Touristic Projects offered to acquire 9.65% stake in the Egyptian Company for International Touristic Projects (Americana Egypt).

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The National Company for Learning and Education

The National Company for Learning and Education (NCLE) has signed a final agreement to fully acquire Al-Ghad National School limited company for SAR 36.7 million.

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Ebtikar for Financial Investment

Ebtikar for Financial Investment, a joint venture between MM Group for Industry and International Trade and B Investments Holdings, has acquired an additional stake of 4.2% in Masary for EGP 18.7 million.

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Ezz Steel

Ezz Steel announced that its shares in Al Ezz Flat Steel Co (EFS) have been sold over the counter (OTC) to Al Ezz Dekheila Steel – Alexandria for $356.066 million (EGP 5.74 billion).

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Air Arabia

Air Arabia has increased its stake in the travel, tourism and cargo services firm Cozmo Travel in UAE from 51 per cent to 100 per cent.

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Decypha Contribution Time: 17-Nov-2019 11:29 (GMT)
Decypha Last Update Time: 17-Nov-2019 11:29 (GMT)