M&A Brief of the Week

Saudi Vitrified Clay Pipes Company

Saudi Vitrified Clay Pipes Company (SVCP) has signed a purchase agreement to acquire 75% of Advanced Piping Solutions for SAR 56.25 million.

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Heliopolis Company for Housing and Development

Heliopolis Company for Housing and Development (HHD) decided to sell part of its stake in Nasr Real Estate Development to Zahraa Maadi Investment and Development.

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Pharos Energy

Pharos Energy announced its withdrawal from a consortium looking to acquire Shell Egypt’s assets in the Western Desert as global oil prices plunged.

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Ezz Steel

The Egyptian businessman Ahmed Abdel Aziz Ezz has raised his holding in Ezz Steel to 27.29% from 0.00055%.

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Decypha Contribution Time: 23-Apr-2020 07:48 (GMT)
Decypha Last Update Time: 23-Apr-2020 07:48 (GMT)