Adsero advises Egybelg on its asset sale to Savola Foods

Egyptian Belgian Co. for Industrial Investments (“Egybelg”) has sold some of its assets to Savola Foods Limited, a subsidiary of the Saudi-listed Savola Group, a strategic investment holding company with focus on the food and retail sectors in the Middle East and North Africa 

Adsero – Ragy Soliman & Partners has assisted Egybelg in this transaction. The team was led by Ragy Soliman (senior partner and co-head of mergers & acquisitions/capital markets, pictured), assisted by Ahmed Adib (senior associate), Farida Banany (associate) and Nayera Hassan (junior associate). 

Zaki Hashem & Partners has acted as legal counsel to the buyer.