M&A Brief of the Week

Emirates Advanced Investments Group

The Egyptian Financial Regulatory Authority approved the mandatory tender offer submitted by Emirates Advanced Investments Group to acquire up to 14.27 million shares or 100% of Alexandria Medical Services - Alexandria New Medical Center.

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Shuaa Capital

Shuaa Capital has sold its 3.8% stake in Khaleeji Commercial Bank, totalling 34.648 million shares, to GFH Financial Group.

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Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) has received an amended binding offer from TAT for Medical Services, a subsidiary of Alexandria Healthcare Investments, to acquire the bank's 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center.

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Aldar Properties

The Egyptian Financial Regulatory Authority received a request from the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer to fully acquire Six of October Development and Investment (SODIC).

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GFH Financial Group

Britus Education, the wholly-owned education investment platform of GFH Financial Group, has acquired The British International School of Tunis (BIST) to expand the company's presence in Tunisia.

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Abu Dhabi National Oil Company for Distribution

Saudi Arabia's General Authority for Competition has issued a no-objection certificate on two economic concentration processes for Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) to acquire 20 fuel service stations in Saudi Arabia.

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Abu Dhabi Islamic Bank – Egypt

Abu Dhabi Islamic Bank – Egypt announced that its subsidiary Alexandria National Company for Financial Investment has received an optional cash acquisition offer from Tycoon Holding.

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Zeta Investment

The Egyptian Financial Regulatory Authority approved the publication of the mandatory tender offer submitted by Zeta Investment to acquire a majority stake in Alexandria National Company for Financial Investment.

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Decypha Contribution Time: 10-Jun-2021 15:06 (GMT)
Decypha Last Update Time: 10-Jun-2021 15:06 (GMT)