(Courtesy of MOPCO website)
(Courtesy of MOPCO website)

Abu Dhabi's ADQ Seeking to Raise Its Stake in Egypt’s MOPCO: Report


ADQ Holding, one of Abu Dhabi's sovereign wealth funds, is seeking to raise its stake in Misr Fertilizers Production Company (MOPCO) by acquiring between 15 and 20 percent owned by state-run firms in the latter, sources familiar with the matter told Al Mal yesterday.

The acquisition, currently under negotiation, includes the shares of the finance ministry, the National Investment Bank and others, the sources said.

In April, Alpha Oryx Limited, a subsidiary of ADQ acquired a 20-percent stake in MOPCO for $266.55 million.