Egypt’s Competition Authority Approves Al Ahly Capital’s 40% Stake in Cairo Misr Educational Facilities

Egypt’s Competition Protection and Monopoly Prevention Authority has approved Al Ahly Capital’s acquisition of a 40% stake in Cairo Misr Educational Facilities.

The approval was issued by the authority’s committee responsible for examining economic concentration notifications, which reviews merger and acquisition filings.

The transaction was among a number of merger and acquisition applications approved by the committee, according to the authority’s announcement.

The announcement confirmed regulatory approval for the proposed stake purchase but did not provide a transaction value or a timetable for completion.