ODIN Investments studies majority stake acquisition of Nasr for Civil Works

ODIN requests to conduct due diligence of proposed acquisition

Alyaa Stohy July 29, 2020

ODIN Investments studies majority stake acquisition of Nasr for Civil Works 1

The investment bank, ODIN Investments Company, is studying the acquisition of a majority stake in the Nasr Company for Civil Works (NCCW). The bank is looking into the acquisition alongside investors who are interested in the acquisition.

Madinet Nasr Housing and Development (MNHD), which holds a 52.4% stake in NCCW, said in a statement, on Wednesday, that ODIN and some investors have requested to conduct a due diligence of the proposed acquisition.

ODIN called on MNHD to address NCCW in order to cooperate and provide all necessary information to conduct the due diligence study.