The increases pale when set against the rising cost of raw materials, says Hani Aman. Read More
Tags :Eastern Co.
The transaction follows a larger stake purchase by Global Investment Holdings in November.Read More
Under pressure from the IMF, Egypt's government reduces its share in Eastern Co. Read More
New duties are preventing the multinational from importing low-priced brands. Read More
This deal is part of a program aimed at selling stakes in 35 state-owned companies.Read More
The state’s stake in Egypt’s tobacco monopoly has now shrunk to one fifth. Read More
The measure will help the company absorb increased production cost in the wake of Egypt’s currency devaluation. Read More
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Mergers and Acquisitions
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Emirati Group Acquires a Third of Eastern Co.
Global Investment Holding is paying $625 million for a stake in the Egyptian market leader. Read More
The sale is part of Egypt’s commitment to meet the conditions of an IMF loan.Read More
The company will supply 50 million more cigarettes daily in an attempt to tame runaway prices. Read More