Giant UAE-Egypt Deal to Include Stakes in Fertilizer Firms
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ADQ, an Abu Dhabi wealth fund, is buying stakes in Egyptian fertilizer and cargo companies as part of a roughly $2 billion investment in the country, according to a person familiar with the deal.
The fund is acquiring Egypt state-held stakes in Abou Kir Fertilizers & Chemical Industries, Misr Fertilizers Production Co. and Alexandria Container & Cargo Handling Co., according to the person, who asked not to be identified as the agreement is confidential.