MBH with Albro North Coast and Emaar Misr in share-swap
Matouk Bassiouny & Hennawy (MBH) advised Albro North Coast and Emaar Misr in connection with the latter’s full acquisition of Albro North Coast. The transaction in question concretized through a EGP 9.82 billion share swap.
Publicly listed on the Egyptian Exchange Emaar Misr issued 917,591,384 new shares in exchange for 674,999,998 shares, making-up for the totality of privately held Albro North Coast’s share capital.
The fair value of Emaar Misr’s shares amounted at EGP 10.706 per share, while Albro North’s was EGP 14.554 per share.
Founding partner and Group head of corporate and M&A Omar S. Bassiouny (pictured) led the MBH team on the matter, together with partner and head of capital markets Mohamed Abdel Fattah. The team further included counsel Mohamed Galal and associate Habiba Mohamed.
