Nas Investment Holding: Seeks 90% Stake in EGYFERT

Deal News | Jan 14, 2025 | Zawya

Nas Investment Holding, a UAE-based company, is planning to increase its ownership in Egyptian fertilizer producer Samad Misr (EGYFERT) by submitting a mandatory tender offer to acquire an additional 57.5% stake. This acquisition of 5.5 million shares will raise Nas's total ownership to 90%, valuing EGYFERT at approximately EGP 912 million, with the transaction priced at EGP 522.5 million. Previously, in October, Nas acquired a 32.5% stake in EGYFERT for EGP 186.6 million from MidFert Misr. The deal reflects Nas's strategic intentions to strengthen its position in the market while keeping EGYFERT listed on the Egyptian Exchange (EGX). Nas has 60 days to formalize the tender offer as per regulatory norms.

Sectors

Investment and Private Equity
Agriculture and Fertilizers

Geography

United Arab Emirates – Nas Investment Holding is based in the UAE, indicating the transaction's origin in this country.
Egypt – Samad Misr (EGYFERT) is based in Egypt, and the transaction occurs in the Egyptian market, specifically with implications for the Egyptian Exchange (EGX).

Industry

Investment and Private Equity – Nas Investment Holding is engaging in an acquisition strategy indicative of the Investment and Private Equity sector by increasing its stake in EGYFERT.
Agriculture and Fertilizers – EGYFERT is a producer in the agriculture sector, specifically fertilizers, which is the primary industry being impacted by this acquisition.

Financials

EGP 522.5 million – The total valuation of the current transaction to acquire 57.5% of EGYFERT.
EGP 95 per share – The price offered by Nas Investment Holding for each share of EGYFERT in the current acquisition.
EGP 912 million – The total valuation of EGYFERT following the acquisition.
EGP 186.6 million – The total consideration paid for the earlier acquisition of a 32.5% stake from MidFert Misr.

Participants

Name	Role	Type	Description
Nas Investment Holding	Bidding Company	Company	A UAE-based investment company intending to acquire a majority stake in EGYFERT.
Samad Misr (EGYFERT)	Target Company	Company	An Egyptian fertilizer production company targeted for acquisition by Nas Investment Holding.
MidFert Misr	Vendor	Company	The company previously sold its 32.5% stake in EGYFERT to Nas Investment Holding.
FRA (Financial Regulatory Authority)	Regulatory Authority	Government	The regulatory authority overseeing the acquisition process and ensuring compliance with regulations.