MBH Counsel on Al-Arafa’s Corporate Demerger
Matouk Bassiouny & Hennawy (MBH) provided legal counsel to AlArafa for Investments and Consultancies (Al-Arafa) in its demerger, resulting in the formation of Concrete Fashion Group for Commercial and Industrial Investment (Concrete Fashion Group) and GTEX for Commercial and Industrial Investments (GTEX).
The demerger enables each entity to pursue distinct growth strategies, enhancing focus on core business activities and optimizing operations for Concrete. This strategic move aims to unlock shareholder value and leverage the unique dynamics of both businesses.
Both companies debuted on the Egyptian Stock Exchange under Reuters codes CFGH and GTEX on March 24.
The MBH team advising on the matter was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets), Mohamed Galal (Counsel), Mohamed Abdel Mageed (Associate), Heba Abdelkawy (Associate).
