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Philip Morris acquires 14.7% indirect stake in Eastern Company

Philip Morris International has acquired an indirect minority stake of 14.7% in Eastern Company.

Updated 5/23/2024 5:01:00 AM
e-finance acquires minority stake in 2 e-payment firms

e-finance for Digital and Financial Investments has acquired a 25% stake in Al Ahly Momken and a 13% stake in EasyCash for Digital Payments.

Updated 5/22/2024 9:28:00 AM
UAE’s Electra Investment submits offer for minority stake in Elsewedy Electric

UAE-based Electra Investment Holding has submitted an offer to the Financial Regulatory Authority (FRA) to acquire up to 24.5%, equivalent to 531.481 million shares, or at least 15% in Elsewedy Electric (SWDY) at $1.05 per share.

Updated 5/19/2024 11:00:00 AM
Act Financial eyes EGP 1B from minority stake sale on EGX

The investment management company Act Financial is seeking to raise around EGP 1 billion from offering a minority stake on the Egyptian Exchange (EGX).

Updated 3/28/2024 9:19:00 AM
Ezdehar acquires $10M minority stake in Yodawy

Local private equity firm Ezdehar has acquired a minority stake in Egypt-based pharmacy benefits management platform Yodawy in a deal worth $10 million through its Ezdehar Mid-Cap Fund II.

Updated 1/16/2024 9:06:00 AM