We have managed to obtain one of the first, if not the first merger control clearance under the new regime in place since June 1st 2024. We were also the first to obtain clearance regarding two interrelated transactions that are essentially linked and mutually contingent upon each other. The ECA were very efficient, professional and understanding and delivered this complex approval in a very short time under the circumstances.
The two interrelated transactions which are already published on the ECA’s website are the acquisition by OSD of 55% of the shares of Nile Investment which was an essential condition for the acquisition by Tahweel, a Saudi based company of 99.17% of the shares of Nile from OSD (who previously owned around 45% of the Nile Shares prior to the first acquisition). – By our Founding Partner Dr. Firas El Samad and Associate Mr. Mohamed Fouda.
