The Competition Protection and Monopolistic Practices Authority announced a number of decisions, which include approving several acquisitions of entities in the local market.
The Committee for Examining Economic Concentrations Notification Files at the Competition Protection and Monopolistic Practices Authority decided to approve the following economic concentrations:
Hewlett Packard Enterprise acquires 100% of Juniper Networks Inc.:
Approval of the notification filing by Hewlett Packard Enterprise regarding the acquisition of 100% of the shares of Juniper Networks, Inc., entitling the acquirer to have sole control over the target, which was received in full on September 26, 2024.
Drayco B.V.’s acquisition of 50% of the shares of the Egyptian Gypsum Company:
Approval of the notification file submitted by Dryco BV. Regarding its acquisition of ownership of 50% of the total shares of the Egyptian Gypsum Company, which gives the acquiring person the ability to collectively control the target person, which the agency received in full on October 2, 2024.
Endover Group Parent LLC’s acquisition of 100% of the total shares of Golden State Foods Corporation:
Approval of the notification file submitted by Endover Group Parent LLC regarding its acquisition of 100% of the total shares of Golden State Foods Corporation, which gives the acquirer the ability to individually control the target person, which the Authority received in full on October 16, 2024.
Abu Dhabi Developmental Holding Company (ADQ) acquired 25% of the shares of the Egyptian Drilling Company:
Approval of the notification file submitted by Abu Dhabi Developmental Holding Company (ADQ) regarding the acquisition of 25% of the shares of the Egyptian Drilling Company, which gives the acquiring person the ability to materially influence the target person, which the agency received in full on October 24, 2024.
Abu Dhabi Developmental Holding Company (ADQ) acquired 30% of the shares of the Egyptian Company for the Production of Ethylene and its Derivatives (ETHYDCO):
Approval of the notification file submitted by Abu Dhabi Developmental Holding Company (ADQ) regarding the acquisition of 30% of the shares of the Egyptian Company for the Production of Ethylene and Its Derivatives (ETHYDCO), which gives the acquiring person the ability to materially influence the target person, which the agency received in full on October 24, 2024. .
Abu Dhabi Developmental Holding Company (ADQ) acquired 35% of the shares of the Egyptian Company for the Production of Linear Alkyl Benzene (ELAB):
Approval of the notification file submitted by Abu Dhabi Developmental Holding Company (ADQ) regarding the acquisition of 35% of the shares of the Egyptian Company for the Production of Alkyl Benzene (ELAP), which gives the acquiring person the ability to materially influence the target person, which the agency received in full on 24 October 2024.
The acquisition by the Capital Ventures 2 investment fund of shares in Al-Abd Investment, Manufacturing and Sweets Trading Company:
Approval of the notification file submitted by the Capital Ventures Development Investment Fund 2 regarding the acquisition of 20.87% of the shares of Al-Abd Investment, Manufacturing and Sweets Trading Company, which gives the acquiring person the ability to materially influence the target person, which the agency received in full on October 24, 2024.
