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Electra Investment raises stake in Elsewedy Electric for EGP 740M

Electra Investment Holding RSC LTD increased its equity ownership in Elsewedy Electric (SWDY) to 20.37% from 19.98%.

Updated 12/9/2024 11:32:00 AM
EFG Hermes completes advisory on Electra Investment’s stake acquisition in Elsewedy Electric

EFG Hermes’ investment banking division has successfully wrapped up advisory on the UAE-based Electra Investment Holding’s $449 million acquisition of a 19.98% stake in Elsewedy Electric.

Updated 7/10/2024 12:45:00 PM
UAE’s Electra Investment acquires 20% stake in Elsewedy Electric

The Emirati company Electra Investment Holding has acquired around 20% of Egypt’s Elsewedy Electric for a total of $450 million or at $1.05 per share.

Updated 7/9/2024 6:01:00 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