# Elsewedy Electric acquires 99.25% of El-Alamya for Cables for EGP 410M

Elsewedy Electric signed a contract to acquire 99.25% of El-Alamya for Cables for a total value of EGP 410 million, subject to conditions.

- Type: Acquisition
- Announced: 2021-07-11
- Where: Egypt
- Value: $26.0M (410.0M EGP)
- Status: announced
- Products: cables
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Elsewedy Electric](https://endata.com/companies/15852.md) (acquirer)
- [El-Alamya for Cables](https://endata.com/companies/56388.md) (target)

## Sources

- [alborsaanews.com](https://www.alborsaanews.com/2021/07/11/1449159), 2021-07-11: "وقعت شركة السويدي إليكتريك عقد شراء أسهم بنسبة 99.25% من أسهم شركة العالمية للكابلات بقيمة إجمالية 410 ملايين جنيه."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.