GLA & CO with Heidelberg on EGP 6b capital increase
GLA & Co advised Heidelberg Materials Suez Cement on a capital increase of up to EGP 6 billion, the largest of 2024 in the Egyptian market. The capital increase required multiple governmental approvals, including from the Financial Regulatory Authority (FRA), the General Authority for Investment and Free Zones (GAFI), the Egyptian Stock Exchange (EGX), and the Misr for Central Clearing, Depository and Registry (MCDR).
The team
The GLA & Co team was led by partner and head of Cairo office, Hegui Taha (pictured left), and included legal director Suzanne Hashem.
Legal and compliance director Mahmoud Moussa (pictured right) was with his company, Heidelberg, on the legal requirements of the deal.
A major role was also played by Mohamed Omran, managing director and regional head of brokerage, and Mohamed Abo El Kasem of EFG Hermes.
