M&A Brief of the Week

Americana Group

Egyptian Company for International Touristic Projects (Americana Group) approved Cairo Three A for International Industries’ offer to buy its stake in the Egyptian Starch and Glucose.

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Ahli United Bank

Ahli United Bank has approved suspending all acquisition offer procedures in Kuwait and Bahrain until December 2020 in coordination with Kuwait Finance House.

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Al Enmaa Real Estate Company

Al Enmaa Real Estate Company has sold its 22.5%-stake in Energy Central Utilities Bahrain South Water Co for BHD 1.78 million.

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Saudi Telecom Company

The Saudi Telecom Company (stc) announced the extension of the memorandum of understanding (MoU) previously signed with Vodafone Group to acquire its stake in Vodafone Egypt for 90 days.

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Falcon Eye Drones Services

Falcon Eye Drones Services has partnered with Aerodyne Group, a world-leading provider of drone-based enterprise solutions.

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Alexandria Development Ltd

Alexandria Development Ltd will acquire 100% of Alexandria Portland Cement at EGP 6 per share.

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Cairo Poultry

Cairo Poultry approved the final offer submitted by Cairo Three A for International Industries for 13.65 million shares in the Egyptian Starch and Glucose.

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Decypha Contribution Time: 16-Apr-2020 08:22 (GMT)
Decypha Last Update Time: 16-Apr-2020 08:22 (GMT)