Egypt’s Pharos advising on two acquisitions in H1

Egypt’s investment bank Pharos Holding says it is advising on two acquisitions valued at 2 billion Egyptian pounds ($113 million), through the first half of the current year.

“The company seeks to complete the two acquisition deals within the first half of 2018,” Ahmed Heider, deputy head of Pharos’ investment banking division, told Amwal Al Ghad on Monday.

The acquisitions are in the health and retail sectors, Heider said.