Zilla Capital Successfully Advised Egybelg on The Sale of Its Bakery Assets To Savola Group For EGP622 MN Zilla Capital Was The Deal Originator and Exclusive sell-side Advisor

Cairo – Tuesday, June 21, 2022 – Zilla Capital, the leading investment bank in Egypt is happy to announce that it has successfully concluded advising the Egyptian Belgian Company (Egybelg) on the sale of its entire bakery business assets to Savola Foods Limited, a subsidiary of Savola Group for EGP622 MN. Egybelg is a consumer goods firm that manufactures and distributes bakery goods. It owns a modern factory in Cairo and had owned the bakery brand Ole. This acquisition comes as part of Savola’s plan to invest more than EGP1.7 BN in Egypt until the end of 2024, according to Savola’s CEO Sameh Hassan said. Adsero was EgyBelg’s legal adviser while Al Ahly Pharos and Zaki Hashem & Partners were the buy-side financial and legal advisors, respectively to Savola. National Bank of Egypt was the Escrow Agent for the transaction. Wael Ziada, Managing Partner at Zilla Capital said “We are very proud to have concluded this transaction given all of the challenges in the global scene that foreign multinational  consider before making any move, it affirms our position as the deal maker of choice for all the difficult transactions”  Ragy Soliman, Managing Partner in Adsero commented, always a pleasure working alongside Wael Ziada and Zilla Capital’s talented team. Congratulations to our client EgyBelg, we are delighted to see all the hard work pay off. To many more future successful endeavors. About Zilla Capital: Zilla Capital is a leading Investment Bank that provides clients and partners with strategic advice within several structural and operational domains. We leverage our Executive Partners’ extensive experience and network in the region to help our clients conduct business in Egypt, the MENA Region, and Africa. We assist our clients in achieving their strategic goals by offering comprehensive and integrated financial solutions that cater to their specialized needs. Zilla Capital is a one-stop-shop for all financing and investment needs, offering an array of services including financial advisory, asset management, private equity, and non-banking financing solutions. About Savola Snacks S.A.E: Savola Snacks S.A.E is a subsidiary of the Saudi giant Savola Foods. Savola Foods, part of the larger Savola Group, owns operations across the region, and manages a broad portfolio of B2C and B2B food brands with over three decades of investment in the region. The company is home to flagship brands in the edible oil, sugar, pasta, seafood and ghee sectors.

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