Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Hasan Allam Utilities, the investment and development arm of Hassan Allam Holding, in its joint venture with Agility, the industrial development specialist, to establish YANMU which aims to develop, build, and operate modern logistics parks and Grade A warehousing facilities in Egypt. The […]
Tags : Tamer El Hennawy
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 […]
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 […]
