MBH: CIB acquires stake in El Sewedy for Engineering Industries  

Commercial International Bank (“CIB”), a private sector bank in Egypt, has acquired a minority stake of 15% of El Sewedy for Engineering Industries (“SEI”). 

The acquisition will see SEI expanding in the local and regional markets. 

Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to CIB. The MBH team was led by partner Amr Baggatto (pictured) and included associates Sophia Lyna Meziane and Hana Wafa.  

Talaat’s Law Firm acted as the legal counsel to SEI, with Ironwood Investments as its financial advisor, whereas Intercap Capital and Ernst & Young acted as CIB’s financial advisors.