{"id":43986,"date":"2024-08-27T09:40:11","date_gmt":"2024-08-27T09:40:11","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=press_releases&#038;p=43986"},"modified":"2024-08-27T09:40:52","modified_gmt":"2024-08-27T09:40:52","slug":"mbh-advises-otsuka-on-cibs-exit-from-eop","status":"publish","type":"press_releases","link":"https:\/\/my.legal500.com\/developments\/press-releases\/mbh-advises-otsuka-on-cibs-exit-from-eop\/","title":{"rendered":"MBH advises Otsuka on CIB\u2019s exit from EOP"},"content":{"rendered":"<p><strong>We are pleased to announce that Matouk Bassiouny &amp; Hennawy (\u201cMBH\u201d) acted as legal counsel to Otsuka Holdings (\u201cOtsuka\u201d),<\/strong> <!--more-->a prominent a holding company, which operates various businesses such as pharmaceuticals, nutraceuticals and consumer products, in connection with the Commercial International Bank\u2019s (\u201c<strong>CIB<\/strong>\u201d) divestment in Egypt Otsuka Pharmaceuticals (\u201c<strong>EOP<\/strong>\u201d) where Otsuka acquired CIB\u2019s 12% equity stake.<\/p>\n<p>Through this acquisition, Otsuka seeks to strengthen its operations in the MENA region, with a particular focus on Egypt, to meet the growing demand for its products in the MENA region.<\/p>\n<p>In 2019, MBH played a crucial role by advising Otsuka in the strategic sale of a 12% stake to CIB. This partnership not only reinforced EOP\u2019s market position but also facilitated new growth opportunities, further enhancing its commitment to improving healthcare outcomes.<\/p>\n<p>The MBH team advising on the transaction was led by Amr Baggatto (Partner) and included Hana Wafa (Associate), while Zaki Hashem, Attorneys at Law acted as legal counsel to CIB.<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-43986","press_releases","type-press_releases","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases\/43986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/press_releases"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/press_releases"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=43986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}