ADM International Sàrl cancelled the acquisition of 42.9% in National Company for Maize Products from Misr Capital Investments SAE for approximately EGP 520 million.

ADM International Sàrl signed a memorandum of understanding to acquire 42.9% in National Company for Maize Products (CASE:NCMP) from Misr Capital Investments SAE on March 9, 2017. As on April 26, 2017, Al Mona Misr made an offer to acquire 42.96% stake in National Company for Maize Products (CASE:NCMP) from Misr Capital Investments SAE. ADM International Sàrl cancelled the acquisition of 42.9% in National Company for Maize Products (CASE:NCMP) from Misr Capital Investments SAE for approximately EGP 520 million on November 8, 2017. ADM International offered EGP 35.56 per share for the shares of National Company for Maize Products. The transaction is rejected by The Financial Regulatory Authority. Cairo 3A will carry on its offer till November 21, 2017. Pharos Holding S.A.E. acted as financial advisor for National Company for Maize Products.