Tags : Khaled Abdel Wahab

Deal & transactions Egypt Food & Beverage

Expedition Investments consortium completes acquisition into Domty

Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a revised price of EGP 5.50 per share. The offer worth was about EGP512 million (USD26.5 million). Matouk […]

Banking & Finance Capital Markets Egypt

MBH: Chimpe 1 Investment acquires stake in Beltone Financial 

Chimpe 1 Investment, an entity affiliated with Chimera Investment, has acquired a majority stake (56%) in Beltone Financial Holding at EGP 384.8 million (approx. $20.11 million).   The acquisition came as part of Chimera Investment’s plans to grow its presence and expand its footprint in the MENA region   Beltone Financial Holding SAE is an Egypt-based company, which operates […]