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Acquisitions 2021

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%

EGX releases details of Bank ABC – BLOM Bank Egypt MTO

The MTO, submitted by Bank ABC, is for the former to purchase up to 300 million of BLOM Bank’s shares, valued at $427 million, equivalent to EGP 6.7 billion

Aldar Properties gets another deadline push by FRA for SODIC acquisition

This will be the 3rd time that FRA has agreed to extend the deadline, with the last request accepted in June

Aleph Holding acquires majority stake in digital ad solutions provider Connect Ads

The 86% acquisition of Connect Ads allows Aleph Holding to enter the MENA market to continue its drive to expand globally

Egyptian event mgt. software startup Eventtus gets acquired by Bevy

Although the financial details of the acquisition was not disclosed, Eventtus stated that that it was a ‘good deal’ for everyone involved – including their investors