Nassef Sawiris pushes OCI take-private bid to Dutch regulators to bypass merger deadlock
· Egyptian market news · MISR
Nassef Sawiris’ NNS Holding submitted the draft offer memorandum for its take-private of OCI Global bourse filing
REMEMBER- as its final offer
The new terms: No minimum threshold + the Sawiris family block won’t tender.
ICYMI- the proposed merger with Orascom Construction frozen since January
Misr Life’s IPO gets go-ahead
Misr Ins. Holding Company (MIHC) approved a 20% float of its subsidiary Misr Life Ins. on the EGX statement
The state-owned ins. giant is bringing a solid balance sheet to the bourse.
IN CONTEXT- early 2023 appointed EFG Hermes between June and July earlier this week
What’s next: fair-value study
Original source: enterpriseam.com