Mega Holding is negotiating to acquire a company operating in the field of transportation and logistics through a deal worth about EGP 60m, according to chairperson Hisham Mansour. He said that his company has begun the due diligence process in the transport company, which owns a fleet of heavy transport vehicles used in transporting goods and gears in the Egyptian market. Mega Holding is still seeking to add a new brokerage company or develop the present entities, in addition to expanding in the business of non-banking financial services. Mega Investment is the brokerage arm of Mega Holding, and its capital amounts to about EGP 100m. Moreover, Mega Holding is in negotiations with a number of local shareholders to acquire a company they own, which operates in the field of manufacturing tomato paste, in the next period.

Source: Daily News Egypt December 04, 2016 08:23 UTC