Deals
M&A News: Aldar Properties, OCI, Allergan, AT&T, Coca-Cola Femsa
Noteworthy expenditures of the week
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1. Abu Dhabi’s Aldar Properties will buy Sorouh Real Estate in a $1.5 billion deal to create the Middle East’s third-biggest publicly traded property company by assets.
2. In one of Egypt’s largest foreign currency inflows since the 2011 uprising, a group of U.S. investors led by Bill Gates is committing $1 billion to buy a stake in Egyptian construction and fertilizer company OCI.
