Bisco Misr SAE Competitive Mandatory Tender Offer

Bisco Misr SAE Competitive Mandatory Tender Offer

January 2015

It was a Competitive Mandatory Tender Offer for up to 11,500,000 ordinary shares representing up to 100% of the issued shares of the Egyptian Food Company – Bisco Misr S.A.E. The final price was EGP 89.86 per share and Kellogg’s purchased all the shares tendered at this price representing 85.9% of the shares of Bisco Misr.

On 18 January, 2015, Kellogg’s successfully closed this acquisition on the EGX for a total close to EGP 1 Billion.  This is the first transaction to close through competitive mandatory tender offers and Z & P are proud to have represented Kellogg’s in this unprecedented transaction.

The Z & P team included Mona Zulficar, Dr. Firas El Samad, and Anwar Zeidan, Founding Partners, and a strong team of Associates from the M & A and Capital Markets Departments.

Practice Areas: CAPITAL MARKETS
Clients: Kellogg's

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