Matouk Bassiouny & Hennawy Advised AlArafa On Demerger, Leading To Formation Of Concrete Fashion Group
Matouk Bassiouny & Hennawy Advised AlArafa On Demerger, Leading To Formation Of Concrete Fashion Group
The companies debuted on the Egyptian Stock Exchange
The Cairo, Egypt law firm, Matouk Bassiouny & Hennawy has counseled AlArafa for investments and consultancies in its demerger. It has led to the formation of the Concrete Fashion Group for commercial and industrial investment and GTEX for commercial and industrial investment.
The dissolution enables the entities to pursue distinct growth strategies, enhancing focus on core business activities and optimizing operations for Concrete Fashion. It aims to unlock shareholder value and leverage the unique dynamics of both businesses.
Both companies debuted on the Egyptian Stock Exchange under Reuters codes CFGH and GTEX.
The Matouk Bassiouny & Hennawy team advising on the matter was led by Mohamed Abdel Fattah (partner and head of capital markets). He was supported by Mohamed Galal (counsel), Mohamed Abdel Mageed (associate) and Heba Abdelkawy (associate).
