The Clap
According to Al Mal News, the Qatar Investment Authority is studying the possibility of acquiring a 15%-20% stake in MOPCO (MFPC).
The Deets
The fund is looking to buy a stake in MOPCO from the Egyptian government. The Egyptian government holds a 40.04% stake after the latest acquisitions.
The biggest stake held by an Egyptian company in MOPCO is ECHEM’s stake of 30.7%.
What’s Happening to MOPCO?
MOPCO is currently an acquisition target for many entities, as ADQ acquired a 20% stake, and more recently the Saudi PIF acquired a 25% stake.
The entities that sold their stakes in MOPCO were all government-controlled like the Ministry of Finance and NIB.
Qatar Investment Authority locks in on MOPCO 🎯
