Tags : Sophia Lyna Meziane

Banking & Finance Deal & transactions Egypt

Chimera Investment acquires 45% stake of GB Lease  

Chimera Investment has acquired 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 million. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy.  Adsero – Ragy […]

Capital Markets Egypt Industrial

MBH: CIB acquires stake in El Sewedy for Engineering Industries  

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 markets.  Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to CIB. The MBH team was led by partner Amr […]