We are pleased to announce that Matouk Bassiouny & Hennawy (“MBH”) acted as legal counsel to Otsuka Holdings (“Otsuka”), a prominent a holding company, which operates various businesses such as pharmaceuticals, nutraceuticals and consumer products, in connection with the Commercial International Bank’s (“CIB”) divestment in Egypt Otsuka Pharmaceuticals (“EOP”) where Otsuka acquired CIB’s 12% equity stake.

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.

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’s market position but also facilitated new growth opportunities, further enhancing its commitment to improving healthcare outcomes.

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.