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Acquisitions and Mergers

F&B company Agthia to acquire 75% stake in Ismailia Investments (Atyab)

Ismailia Investments owns brands Atyab, Meatland, Shiketita, and Furatt, Ayab saw strong profit margins in 2020 amounting to about 19 percent

Ebtikar acquires 80% of e-payment company Bee

Ebtikar now maintains 80 percent of Bee in the estimated LE 40 million deal after previously holding 60 percent

Aldar Properties looks to buy majority stake in SODIC

SODIC’s shares jumped 7 percent on EGX, following the majority stake offer announcement

Hikma Pharma and GSK call it quits on acquisition

At the end of January, the two companies signed a non-binding agreement for Hikma to acquire majority shareholder‘s 91.2 percent stake in its Egypt and Tunisia units

Shell agrees to sell Egyptian assets in western desert for around $926M

Initial base price is valued at $646 million, with additional payments to go up to $280 million between 2021 and 2024, wrote Reuters who broke the story