Africa Global Logistics Plans to Acquire 75% of Egytrans and 100% of NOSCO

Egypt’s Competition Authority has received notification of a planned acquisition by Africa Global Logistics SAS involving Egytrans and NOSCO.

The proposed transaction would see Africa Global Logistics acquire a 75% stake in Egytrans and full ownership of NOSCO.

Africa Global Logistics SAS is indirectly owned by MSC. The notification identifies the logistics company as the prospective buyer.

The filing concerns an intended acquisition, rather than a completed deal. The information provided does not specify a transaction value or completion timetable, or indicate whether competition approval has been granted.