# Al Ezz Dekhelia to buy 18% stake in Egyptian Steel for $159.2 million

Al Ezz Dekhelia Steel, a subsidiary of Ezz Steel, has secured regulatory approval to acquire an 18-percent stake in Egyptian Steel Company from Ahmed Abou Hashima for EGP 2.5 billion ($159.2 million).

- Type: Acquisition
- Announced: 2021-12-13
- Where: Egypt
- Value: $159.2M
- Status: announced
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Egyptian Steel](https://endata.com/companies/23790.md) (target)
- [Al Ezz Dekhelia Steel](https://endata.com/companies/59655.md) (acquirer)
- [Ezz Steel](https://endata.com/companies/59656.md) (partner)

## Sources

- [billionaires.africa](https://www.billionaires.africa/2021/12/13/controversial-egyptian-tycoon-ahmed-ezz-to-acquire-stake-in-egyptian-steel-for-159-2-million/), 2021-12-13: "Egypt’s leading steel company, Al Ezz Dekhelia Steel, has secured regulatory approval to buy an 18-percent stake in the Egyptian Steel Company in a deal worth EGP2.5 billion ($159.2 million)."

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