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Acquisitions 2023

M&A deals increases by 32% in Egypt during H2 of 2023

The report showed that in 2023, the total volume declined by 53% to reach 139 deals and the deal value declined by 62% to reach $3.48 billion

Raya Holding acquires 27.69% stake in Ostool Transport

After the successful closure of this acquisition, Raya Holding will own 90% of Ostool’s capital according to its Egyptian Exchange (EGX) disclosure

B Investments’ BoD approves share swap details for Orascom Financial Holding acquisition

Announced in June, the update on the acquisition comes after the BoD received and accepted a report by BDO for Financial Consulting regarding the fair value of B Investments’ share price and the share swap ratio

KSA’s Tamer Group to allegedly acquire 30% of United Company of Pharmacists

US-based Cencora, formerly AmerisourceBergen, is allegedly selling off 30% of its 50% stake in UCP to Tamer Group and has settled on the size and value of the sale

Saudi Egyptian Investment Company raises stake in e-Finance to 25.01%

According to the EGX statement by e-Finance, SEIC has acquired an additional 0.01561% on the 18th of September on top of its 25%