M&A Brief of the Week

Banque Misr

The Egyptian Financial Regulatory Authority approved the publication of the mandatory tender offer submitted by Banque Misr to acquire a controlling stake in CI Capital Holding For Financial Investments.

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Dubal Holding

Dubal Holding has acquired a 60% stake in Dubai Industrial City-based OSE Industries, an aluminium extrusion company.

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Alexandria National Company

Alexandria National Company for Financial Investment has received an acquisition offer from an alliance led by Ahmed El-Sabea.

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Maridive and Oil Services

The board of directors of Maridive and Oil Services approved an acquisition offer for 100% of its subsidiary Maridive Offshore Projects for $48 million.

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Elsewedy Electric Co

Elsewedy Electric Co signed a sales and purchase agreement (SPA) to acquire a power transformer manufacturing company in East Asia.

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Gulf Navigation Holding

Gulf Navigation Holding has inked a Memorandum of Understanding with Empire Navigation, a Greek company, to acquire a group of petrochemical and dry bulk carriers.

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Alexandria Medical Services

Alexandria Medical Services - Alexandria New Medical Center announced that Tawasol Holdings for Financial Investment expressed its interest to acquire 74.08% or 10.57 million shares in the company for EGP 38.09 apiece.

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Speed Medical Company

The board of directors of Speed Medical Company approved in principle the acquisition of a majority stake in Prime Speed Healthcare LLC, which owns 70% of Prime Speed Medical Services.

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Agthia Group

The board of Agthia Group has approved to acquire a majority stake in Nabil Foods, a producer of frozen and chilled processed protein products in Jordan, after obtaining some key regulatory approvals.

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Public Investment Fund

The Riyadh-based Public Investment Fund (PIF) acquired more than $3 billion worth of stock in three US video-game makers during the fourth quarter (Q4) of last year.

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Decypha Contribution Time: 18-Feb-2021 10:04 (GMT)
Decypha Last Update Time: 18-Feb-2021 10:04 (GMT)