MBH with Toma Company on Securing Majority Stake in Dice
Matouk Bassiouny & Hennawy (MBH) acted as legal counsel to Touma Company for Commercial and Industrial Investments (Toma Company) in alliance with Majid Samir Touma. This collaboration successfully executed a mandatory tender offer (MTO) for 90% of the total shares of Dice Ready Made Garments (Dice).
Following the completion of the MTO, Toma Company now commands an impressive 65% ownership stake in Dice, having acquired a substantial 27.68% of the target company’s shares. The transaction amounted to EGP 435,628,945.6, solidifying Toma Company’s position in the textile and garment manufacturing sector.
The team advising on the matter was led by Mohamed Abdel Fattah (Partner and Head of Capital Markets) and included Mohamed Galal (Counsel) and Khaled Abdel Wahab (Senior Associate).
Dice, established in 1989, has been a key player in the textile industry, specializing in the manufacturing of knitted garments for men, women, and children. With four manufacturing plants strategically located in the Northern border of Cairo, Dice operates as part of a larger conglomerate consisting of 14 companies and 11 factories.
