CI Capital announced that it has acted as a financial advisor to Cairo 3A for international industries’ EGP 1.47bn acquisition of National Company for Maize Product (NCMP). Cairo 3A’s acquisition of 98% of NCMP share capital was finalised through a mandatory tender offer on the Egyptian Exchange on Wednesday.

The transaction stands as one of the largest equity capital market (ECM) deals executed on the Egyptian Exchange in 2017.

It also marks the second ECM and the fifth closing for CI capital investment banking in 2017, with a total transaction value standing at EGP 5bn, said CI Capital’s Head of Investment Banking Hesham Gohar, adding that the company would see another landmark merger & acquisition (M&A) equity transaction within the next months.