# Sika Group acquires 50% of MBS Construction Chemicals Egypt and 4% of MBS Construction Chemical Trading

Sika Group acquired 50% of MBS Construction Chemicals Egypt and 4% of MBS Construction Chemical Trading from United Holding Company and Middle East Sealants & Adhesives, indirect subsidiaries of Orascom Construction.

- Type: Acquisition
- Announced: 2023-05-04
- Where: Egypt
- Value: $59.0M (1.80B EGP)
- Status: completed
- Products: construction chemicals, sealants, adhesives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Orascom Construction](https://endata.com/companies/8450.md)
- [Orascom Construction](https://endata.com/companies/8450.md) (partner)
- [Orascom Construction](https://endata.com/companies/8450.md) (target)
- [United Group](https://endata.com/companies/9288.md) (partner)
- [Sika](https://endata.com/companies/10682.md) (acquirer)
- [MBCC Group](https://endata.com/companies/57018.md) (target)
- [MBS Construction Chemicals Egypt](https://endata.com/companies/70109.md) (target)
- [MBS Construction Chemical Trading](https://endata.com/companies/70110.md) (target)
- [Middle East Sealants & Adhesives](https://endata.com/companies/70111.md) (partner)

## Sources

- [zulficarpartners.com](https://zulficarpartners.com/the-firm-has-represented-sika-group-in-its-acquisition-of-50-of-mbs-construction-chemicals-egypt-and-4-of-mbs-construction-chemical-trading-from-united-holding-company-and-middle-east-sealants-a/), 2023-05-04: "Zulficar & Partners Law Firm is proud to have advised Sika Group in its acquisition of 50% of MBS Construction Chemicals Egypt S.A.E and 4% of MBS Construction Chemicals Trading S.A.E."
- [orascom.com](https://orascom.com/updates/orascom-construction-divests-construction-chemicals-subsidiary-for-egp-1-8-billion/), 2023-05-17: "Orascom Construction PLC announces that it has divested its full stake in its construction chemicals subsidiary to Sika."
- [waya.media](https://waya.media/orascom-construction-announced-us59m-equity-sale-agreement-with-swiss-sika/), 2023-05-18: "Egypt’s Orascom Construction announced it had sold its entire stake in its construction chemicals subsidiary to Switzerland-based Sika at a value of US$59 million."
- [dailynewsegypt.com](https://dailynewsegypt.com/2023/05/18/orascom-construction-sells-building-chemicals-subsidiary-for-egp-1-8bn/), 2023-05-18: "Orascom Construction announced selling its entire stake in one of its subsidiaries specialized in the production of building chemicals for the benefit of Swiss Sika."

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