"Baker McKenzie Cairo Advises EKH on Landmark Exit from Delta Insurance Under Egypt's New Insurance Law"

"Baker McKenzie Cairo advised Egypt Kuwait Holding (EKH) on its exit from Delta Insurance Company through a Mandatory Tender Offer by Wafa Assurance. This marks the first insurance company acquisition under Egypt's new insurance law, effective in 2024. The deal highlights Baker McKenzie's expertise in public M&A, capital markets, and regulatory compliance, following their advisory role in Egypt's largest IPO since 2021."

Baker McKenzie Cairo advised Egypt Kuwait Holding (EKH) in connection with its exit from Delta Insurance Company, while Wafa Assurance was the acquirer in the transaction. The transaction involved EKH's divestment from Delta Insurance Company, a publicly listed insurer in Egypt, through a Mandatory Tender Offer (MTO) presented by Wafa Assurance. This deal is notable as the first acquisition of an insurance company under Egypt’s new insurance law, which came into effect in 2024. The Baker McKenzie Cairo team advising EKH was led by Mohamed Ghannam and Hani Nassef, and included Mohamed Abdelhalim, Omar Zaki, and Dr. Amgad Yousry. The team brought expertise in public M&A, capital markets, and regulatory compliance.

"Baker McKenzie Cairo Advises EKH on Landmark Exit from Delta Insurance Under Egypt's New Insurance Law"

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