Pioneers Holding Co. (CASE:PIOH) made an offer to acquire an additional 19.4% stake in Electro Cable Egypt (CASE:ELEC) on May 10, 2020. Transaction will occur via a share swap.

In related transactions, Pioneers Holding Co. made offers to acquire 9.42% stake in Cairo for Housing & Development, 50.25% stake in United Co for Housing & Development, 51.14% stake in National Upper Egypt Contracting & Building Works and 41.56% stake of Giza General – Contracting and Real Estate Investment.