The Clap
ADQ, Abu Dhabi sovereign wealth fund’s investment arm, is close to acquiring Delta Pharma.
More on Delta Pharma
Delta Pharma is a private company that produces over 100 pharmaceutical products & exports to more than 10 countries.
What
Negotiations are reportedly in advanced stages, & the deal could reach EGP 1 billion.
So what
This isn’t the first time ADQ goes shopping in the Egyptian market after it acquired significant stakes in several EGX-listed companies a few months ago.
Now what
These types of investments represent foreign direct investment into Egypt, something that’s much needed at the moment.