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EGYPT

Al Saidy Tobacco acquires International Tobacco

12 Oct 2020. Prime Holding has announced that it has successfully managed Al Saidy Tobacco's acquisition of International Tobacco, an Americana Egypt subsidiary and producer of the brand ElHennawi Tobacco, MENAFN reported.

Prime acted as the seller's exclusive financial advisor and executed the transaction on the Egyptian Exchange (EGX).

“This deal represents a strong addition to our company, as International Tobacco has a solid business model and strong capabilities in the production and distribution of its wide product range, which meets the diverse customer tastes,” Hamada El-Far, Al Saidy Tobacco's Chairperson and CEO, was quoted as saying. “We look forward to creating synergies capitalising on International Tobacco’s portfolio and capabilities with our operation to create value in the coming period,” he added.