Value8 asks Dutch courts to freeze Orascom Construction’s proposed merger with Dutch-listed OCI Global
· Egyptian market news
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New hurdle for Sawiris merger
Dutch investment company Value8 is asking the courts to freeze Cairo-born contractor Orascom Construction’s proposed merger with Dutch-listed OCI Global statement (pdf)
OCI thinks the petition has no merit De Aandeelhouder REFRESHER- froze the OCI-side vote EUR 4.10-a-share take-private
What this means for Egyptian holders: already approved the merger in 4Q 2026
FRA halts Ahram Printing
El Ahram for Printing and Packaging will see its shares suspended from trading for 15 sessions starting Thursday amid the ongoing seizure of the company’s assets statement (pdf)
A creditor has been carrying the company out of the building, piece by piece.
The balance sheet is no healthier:
Shareholders were asked last week whether to wind the company up. the meeting minutes (pdf)
REMEMBER- rejected a bankruptcy petition
Egypt wants a bigger, more diversified Asian Infrastructure Investment Bank (AIIB) portfolio said on LinkedIn
IN CONTEXT- largest African capital contributor as of late 2023 December 2024 (pdf) Benban solar complex Alexandria-Abu Qir metro line
Taking flight in greater numbers
Air Cairo will finalize an order for 15 Airbus A320 family jets — along with options for 15 more — as soon as this week Bloomberg
The state of the fleet: website approaching
USD 57.2 bn — that ’s where our net international reserves stood at the end of August, up USD 920.6 mn from July ’ s USD 56.29 bn and marking yet another record high Central Bank of Egypt July’s USD 1.22 bn USD 55 bn threshold
It’s a bit kinder on the coast in Alexandria
The big story abroad
It appears that a key obstacle to resolving the regional conflict is being removed. signaled
Africa’s biggest IPO yet is on the horizon. aims to list
Chinese memory maker to list in Hong Kong:
*** It’s Going Green day — your weekly briefing of all things green in Egypt: