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Giant UAE-Egypt Deal to Include Stakes in Fertilizer Firms

Bloomberg business news
Tracking the Fertilizer Supply Squeeze

ADQ, an Abu Dhabi wealth fund, is buying stakes in Egyptian fertilizer and cargo companies as part of a roughly $2 billion investment in the country, according to a person familiar with the deal.

The fund is acquiring Egypt state-held stakes in Abou Kir Fertilizers & Chemical Industries, Misr Fertilizers Production Co. and Alexandria Container & Cargo Handling Co., according to the person, who asked not to be identified as the agreement is confidential.