Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle
Tags :Matouk Bassiouny & Hennawy
Commercial International Bank (“CIB”), a private sector bank in Egypt, has acquired a minority stake of 15% of El Sewedy for Engineering Industries (“SEI”). The acquisition will see SEI expanding in the local and regional
French container transportation and shipping company CMA CGM Group via its subsidiary CMA Terminals Holding has signed a definitive terminal service agreement and a terminal operating agreement for Alexandria’s Port’s Trans Misr
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
Proger and its Egyptian subsidiary Proger Egypt have signed a contract for the turnkey design and construction of a 63,000 square meters building complex for Belayim Petroleum Company’s (“Petrobel”) headquarters in Cairo. Proger Egypt
Banking & Finance
Capital Markets
Egypt
MBH advises Tasaheel in its EGP 2.66 Billion Securitization Transaction
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Tasaheel Microfinance Company (“Tasaheel”) in connection with an EGP 2.66 billion securitization transaction. The transaction is considered the first issuance of Tasaheeel and Mashroey’s
Deal & transactions
Egypt
Food & Beverage
Agthia Group enhances Egyptian portfolio with the acquisition of Auf Group
Agthia Group, a major player in the food and beverage sector in MENA, is to enter into a strategic acquisition of 60% of Auf Group, an Egyptian healthy snacks and coffee company operating under the Abu
Banking & Finance
Deal & transactions
Egypt
United Arab Emirates
FAB Egypt and Bank Audi Egypt finalize merger creating FABMISR
First Abu Dhabi Bank – FAB Egypt has completed the legal merger of Bank Audi Egypt, where all the bank’s assets in Egypt will accordingly operate under FAB’s newly introduced brand identity “
