OCI board backs Sawiris’ buyout, Genel-Capricorn in Egypt, and Raya-Ascom on Ostool

Nassef Sawiris’ EUR 866.6 mn move to consolidate OCI Global anchors this morning's M&A updates

OCI board backs Sawiris’ buyout

Dutch-listed fertilizer giant OCI Global’s board of directors is advising shareholders to take Sawiris’ money bourse disclosure EUR 4.10 per share allcash

Not everyone is happy with the bid: installed in January

With some strings attached:

The numbers stack up:

Then there’s the number that makes this complicated:

Why just a neutral nod?

The governance concerns go back to the original Orascom merger structure

Genel Energy takes its first Egyptian foothold

London-listed Genel Energy will acquire Edinburgh-based Capricorn Energy for USD 360 mn in a cash transaction statement (pdf)

The Egyptian portfolio: Western Desert assets

Why it matters: Earlier this year

A wrap on the Ostool saga

Investment conglomerate Raya Holding wrapped up its EGP 641 mn divestment of a 90% stake in Ostool Transport and Logistics to Ascom Geology & Mining here, pdf here, pdf some six years now

The price tag: in mid-May last month

The family behind Badreldin Real Estate Development paid EGP 4.1 bn (c. USD 83 mn) to acquire the remaining 40% of Al Badr for Investment Arabic Press

Why it matters: last year