Delta Insurance Receives Two Acquisition Offers Amid Egypt's Dynamic M&A Landscape

Egyptian Kuwaiti Holding (EKH) has received two acquisition proposals for its significant stake in Delta Insurance, which is listed on the Egyptian Exchange (EGX). Both AXA Investment Egypt and Wafa Assurance have presented preliminary non-binding offers to fully acquire Delta Insurance at an estimated value of EGP 5 billion, equivalent to EGP 50 per share. Each offer entails a different ownership percentage post-acquisition: AXA seeks a controlling stake greater than 75%, whereas Wafa aims to secure at least 51%. As per regulatory laws, such transactions would require mandatory purchase offers. Delta Insurance, comprising corporate and individual insurance plans, is a well-recognized provider in Egypt, offering a range of life and non-life insurance and reinsurance services. This development signifies the competitive interest in Egypt's insurance sector and reflects an active M&A environment.