The Clap
The Qatar Investment Authority is planning on acquiring a stake in Alexandria Container and Cargo Handling (ALCN), according to Al Mal.
The Deets
Sources say the company still did not receive any official offers. If the deal was to take place, it would aid in the Egyptian government’s plan to partially exit some of its investments.
Related News
The Saudi Public Investment Fund (PIF) recently bought a 20% stake in the company, particularly from the Holding Company for Maritime and Land Transport which holds a big stake in ALCN.
In April, the ADQ also acquired a 32% stake in the company as part of numerous other deals the fund made.
Alexandria Container and Cargo Handling making Sovereign Funds greedy 📦
