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Qalaa’s unit signs deal to sell Enjoy & El Aguizy

Qalaa’s unit signs deal to sell Enjoy & El Aguizy

Arab Finance: Qalaa Holding (CCAP) announced that its subsidiary Gozour signed a contract to sell its stake in Nile Co. For Food Industries Company Enjoy as well as El Aguizy International for Economic Development but the value of deal is not set till now.

Kamal Hagag, the Egyptian Businessman signed the deal.

It is worth mentioning, Hagag acquired Misr October for Food Indusries Company – Elmisrieen in December 2015.

Qalaa added in the statement sent to EGX, that it owns 55% indirect stake of the two company .

Source: EGX & Arab Finance editor

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