CI Capital advises on EGP 1.47 bn acquisition of NCMP by Cairo 3A for international industries

Last updated: November 29, 2017 3:05 pm

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CI Capital CEO Mahmoud Atallah said OTMT will submit its final offer to acquire CI Capital Investment Bank on Thursday DNE photo

CI Capital announced that it has acted as a financial advisor to Cairo 3A for international industries’ EGP 1.47bn acquisition of National Company for Maize Product (NCMP). Cairo 3A’s acquisition of 98% of NCMP share capital was finalised through a mandatory tender offer on the Egyptian Exchange on Wednesday.

The transaction stands as one of the largest equity capital market (ECM) deals executed on the Egyptian Exchange in 2017.

It also marks the second ECM and the fifth closing for CI capital investment banking in 2017, with a total transaction value standing at EGP 5bn, said CI Capital’s Head of Investment Banking Hesham Gohar, adding that the company would see another landmark merger & acquisition (M&A) equity transaction within the next months.

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By Mohamed Samir

Mohamed Samir Khedr is an economic and political journalist, analyst, and editor specializing in geopolitical conflicts in the Middle East, Africa, and the Eastern Mediterranean. For the past decade, he has covered Egypt's and the MENA region's financial, business, and geopolitical updates. Currently, he is the Executive Editor of the Daily News Egypt, where he leads a team of journalists in producing high-quality, in-depth reporting and analysis on the region's most pressing issues. His work has been featured in leading international publications. Samir is a highly respected expert on the Middle East and Africa, and his insights are regularly sought by policymakers, academics, and business leaders. He is a passionate advocate for independent journalism and a strong believer in the power of storytelling to inform and inspire. Twitter: https://twitter.com/Moh_S_Khedr LinkedIn: https://www.linkedin.com/in/mohamed-samir-khedr/