Cairo - Mubasher: Pharos Holding for Financial Investments said its Investment Banking division concluded the sale of 100% of the shares of Misr October for Food Industries (El Misrieen) to Kamal Hagag — an Egypt-based investor in the F&B sector — for a consideration of EGP 50 million.
Pharos Holding was mandated the exclusive financial advisor to Gozour — the holding company of El Misrieen and a subsidiary of Qalaa Holdings.
The EGP 50 million deal is Pharos Holding’s third F&B transaction and second in the dairy sector during 2015 following the sale of a 60% stake in Arab Dairy and 100% stake in Mass Food Group (Temmy’s).
