ICEC

Egypt’s Zaki Hashem & Partners advising on 20 acquisitions

Egypt’s law firm Zaki Hashem & Partners (ZH&P) is advising on 20 acquisitions through 2018, its managing director Yasser Hashem told Amwal Al Ghad on Wednesday.

The value of these acquisitions are at an average of 400 million Egyptian pounds ($22.3 million) and are in the non-banking financial activities as well as in the medical services and industrial sectors, Hashem said.

The deals are in favour of local and foreign investors, Hashem added, citing the growing interest from European firms to invest in Egypt, notably in the industrial sectors.

“We have recently completed a deal for international packaging and paper group Mondi to purchase 70.11 percent of Egypt-based Suez Bags’ shares at 26.1 pounds per share.” the Egyptian official said.

ZH&P has been also picked as the legal adviser for Spain’s Mediterrania Capital Partners to take over 40 percent of Egyptian firm Cairo Scan’s shares for 103 million pound, Hashem said.

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