The Economic Concentration Review Committee at Egypt's Competition Authority approved eight acquisitions and investments on June 3.
The Egyptian Competition Authority cleared deals involving major international firms across consumer goods, energy, manufacturing, infrastructure and asset management. Approved transactions include Kimberly-Clark Corporation's purchase of all shares in Kenvue and Baker Hughes' full acquisition of Chart Industries through 45,704,396 shares. Other clearances cover NextChem's buyout of Ballestra Group, Brookfield Asset Management's ownership of Oaktree entities, and stakes acquired by CPP Investment Board and Stonepeak Partners in Castrol Group Holdings. The committee also greenlit purchases by MHGA Holding, EG Holding and WF Holding in Amecath Holdings, plus Beaulieu International Group's 50 percent stake in Infrastructure Reinforcement Industrial Company. Reviews followed Egypt's competition law to assess market effects.