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Acquisitions 2021

Orascom Construction PLC to acquire 3 companies worth a combined $35M

Once completed, Orascom Construction PLC will hold 100% of the total share capital of the three companies

Egyptian home services platform Filkhedma acquired by SA’s SweepSouth

SweepSouth’s acquisition of Filkhedma will position the SA platform as one of the few African startups that will operate in the continent’s 4 key tech ecosystems as it expands into Egypt

FRA accepts Aldar Properties’ offer for majority stake of SODIC

Aldar aims to purchase 90% of SODIC’s shares, around 320.6 million shares, at a price of EGP 20 per share, totaling at around EGP 6.4 billion

EFG completes aiBank acquisition to become Egyptian Universal Bank

EFG Hermes will be taking control over aiBank in partnership with the Financial Services & Fintech sub-fund, a sub-fund owned by the Sovereign Fund of Egypt (TSFE)

Egypt’s M&A transaction values increased by 394% in H1 2021| Baker McKenzie

The climb reflects global and Middle East trends, with global M&A activity recording a strong rebound during H1 2021 as total deal values soared by 120%