NCC, Escom snap up EGP 715 mn stake in Spinalex
· Egyptian market news
Spinalex acquisition bid accepted
The EGX announced that a voluntary tender offer for EGP 715 mn worth of Spinalex shares was executed yesterday statement Spinalex’s board said
ICYMI: moved to lift
Taking ports private
L’imad is moving to fully absorb AD Ports Group The National
REMEMBER- AD Ports is gearing up for an acquisition spree: for an value of AED 3.1 bn for AED 300 mn (expected in 4Q 2026)
Taking the port operator private would give AD Ports more room to maneuver without public scrutiny
IN CONTEXT- indirect majority a 30-year concession cruise terminals
The government is laying the groundwork to bring private developers into the 8k-feddan Nevera Egypt megaproject reports
IN CONTEXT- state-backed vehicle
Battery factory closer to power-up
China’s Sungrow has broken ground on a USD 50 mn battery storage system factory in the SCZone’s Sokhna Industrial Zone statement 10 GWh plant
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