HC plans two acquisitions in Egypt packaging, pharmaceuticals sectors soon

Egypt’s investment bank HC Securities is planning to complete two new acquisitions in the local market in sectors of packaging and pharmaceuticals soon, head of investment banking said Wednesday.

The new acquisitions are worth 700 million Egyptian pounds ($38.8 million), Mahmoud Selim further told Amwal Al Ghad, adding that they are part of HC’s strategy to boost its investment presence in Egypt in the current year.