Unatrac Holding, the distributor of Caterpillar equipment in eight mainly African countries, has signed a $700 million, three-year loan to fund operations and refinance existing debt, it said in a statement on Thursday.
Part of Eg
Dubai's Majid Al Futtaim (MAF), is in talks with Egypt's Mansour Group, owned by billionaire Mohammed Mansour, to buy its supermarket business in a deal valued at $200 million to $300 million, three sources aware of the discussions said.
Mansour Group, a leading conglomerate in the MEA region, will distribute Samsung’s wide range of audio visual and house hold appliances products across Egypt.
The partnership shifts into full gear in January 2008, said an official spokesm