Sarie-Eldin & Partners advises on Bisco Misr's sale to the Kellogg Company
Sarie-Eldin & Partners advises on Bisco Misr's sale to the Kellogg Company Sarie-Eldin & Partners has advised the majority shareholders of Bisco Misr (EGX: BISM) on the sale of their majority stake to the Kellogg Company (NYSE: K), the world's leading cereal company. The selling majority shareholders included the Concord Egypt Fund and the Commercial International Bank (EGX: COMI). The majority shareholders received multiple offers, culminating in a bidding contest between the Kellogg Company and the UAE based Abraaj Group. The initial share offer price was for EGP 73.91 per share, but after several rounds of competing bids, the Kellogg Company placed the winning offer at EGP 89.86 per share, for a total transaction value of USD 125 million. Dr. Hani Sarie-Eldin, the firm's managing partner, advised on the transaction. He was assisted by Mr. Ahmed Farahat, an associate in the capital markets group.
Dr. Hani Sarie-Eldin participated in a roundtable discussion titled "The Egypt' Economic Revolution - The Challenge of Reform"
Dr. Hani Sarie-Eldin participated in a roundtable discussion titled "The Egypt' Economic Revolution - The Challenge of Reform", where he discussed together with a group of well-known Businessmen and leading Egyptian Thinkers the challenge of reform in Egypt and the Economic Revolution nowadays. The "Egyptian Thinkers" event was organized by "Global Trade Matters" Company and sponsored mainly by CI Capital and Alex Bank. It was held at the Four Seasons Nile Plaza Hotel on 30th of March 2011.
The Banker "Deals of the Year" 2011
Dear Ms Abdelreheem,
On behalf of The Banker Magazine it gives us great please to congratulate you on the $576m Al Tawfeek Securitisation being chosen by judges to win "Deal of the Year 2011" for the Structured Finance category for the Middle East region.
Despite a difficult and turbulent past year, The Banker still received a significant number of entries for our Deals of the Year 2011. We will be announcing the results our May 2011 edition of the magazine.
Judges used a wide range of criteria in selecting the winning deals with a strong emphasis on the degree to which client objectives were met as well as the deal complexity, innovation, speed of execution and pricing performance.
Congratulations again on your achievement and wishing you a prosperous year.
Yours sincerely,
Stephen Timewell
Editor Emeritus
The Banker Luke McGreevy
Publishing Director
FT Business
