HC Securities & Investment was the financial adviser and acting broker in the acquisition deal of 74 percent of Egypt’s packing and packaging Medco Plast for 843 million Egyptian pounds ($47.15 million) by Thai petrochemicals producer
HC Securities & Investment , the leading investment bank in the Middle East and North Africa the was financial adviser for Middle East Glass Manufacturing Co. S.A.E. (MEG) and the Samaha family, the share owners involved in the deal.
Mahmoud Selim, the Head of Investment Banking at HC Securities & Investment, told Amwal Al Ghad that this deal is the fifth as a financial advisor for Middle East Glass Manufacturing Co..
He added that Indorama, which is listed on Thailand’s stock exchange and operates in Asia, the Middle East, entrance into the Egyptian market will contribute with developing the local packing and packaging sector.
Medco Plast, which manufactures recyclable polyethylene packaging and holds a market share of 25 percent in Egypt, serves all international manufacturers of soft drinks and mineral water in Egypt.