Deep-Dive Report: Taking It Private
Nassef Sawiris has crossed 55% of OCI Global and won his board's backing for a €4.10 all-cash offer. Inside the take-private — and the Orascom question riding alongside it.
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He is worth close to $9 billion, yet absent from the Forbes list. His flagship Moroccan refinery lies in ruins. And he is quietly pouring capital back into Ethiopia. The paradox of Mohammed Al-Amoudi.
Wealth Intelligence: The Refinery Network
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Daughter of South African-born billionaire Kerr Neilson sells Sydney warehouse for $8.5 million
Beau Neilson, daughter of South African-born billionaire Kerr Neilson, has sold her Sydney warehouse for about $8.5 million, four times what she paid in 2012.
Billionaire Magic Johnson's Las Vegas NBA bid faces new rival targeting $13 billion war chest
Magic Johnson's bid for a Las Vegas NBA expansion team faces a new rival group targeting as much as $13 billion in capital.
Byron Allen donates $100,000 to family of Nolan Wells as billionaire Tyler Perry covers funeral
Media mogul Byron Allen donated $100,000 to the family of Nolan Wells, joining Tyler Perry and Colin Kaepernick in supporting the grieving family.
Egypt's wealthy Allam family weighs public listings for Hassan Allam real estate and infrastructure units
Egypt's Hassan Allam Holding is weighing public listings for real estate and infrastructure subsidiaries on Gulf exchanges or the EGX, keeping the parent private.
Billionaire Robert F. Smith's Vista Equity bids to take French ad tech firm Criteo private
Vista Equity Partners, led by billionaire Robert F. Smith, has bid to take French ad tech firm Criteo private at a premium of over 50%.
Egyptian billionaire Nassef Sawiris takes majority control of chemical company OCI Global
Egyptian billionaire Nassef Sawiris has taken majority control of OCI Global, lifting his stake above 55% as his take-private bid advances.
Billionaire David Steward's World Wide Technology wins $230 million US Army modernization contract
World Wide Technology, David Steward's St. Louis tech giant, has won a $230 million contract to modernize the US Army's IT infrastructure.
Jamaican billionaire Michael Lee-Chin's Portland Holdings signs Turkish nuclear deal in energy push
Michael Lee-Chin's Portland Holdings has signed a new agreement with Turkish firm Nuclean to cooperate on Turkey's growing nuclear-energy sector.
Cameroonian tycoon Nassourou Issa plans $100 million sugar mill to rival Castel
Cameroonian tycoon Nassourou Issa is building a $100 million sugar mill, backed by Société Générale, to outproduce the Castel family's Sosucam by 2028.
Kenyan beer tycoon Ngugi Kiuna fails to block $1.5 million legal fee claim in Heineken case
Kenyan tycoon Ngugi Kiuna has failed to block a law firm from pursuing more than $1.5 million in legal fees tied to his Heineken court battle.
Mary Wambui, one of Kenya's richest women, loses court bid to stop Equity Bank takeover of Glee Hotel
A Kenyan court has refused to halt Equity Bank's takeover of Mary Wambui's luxury Glee Hotel over a debt the bank values at KSh 9.1 billion.
Tunisia's Poulina Group posts $67 million profit for 2025 on financial gains
Tunisia's Poulina Group lifted 2025 net income 26.4% to about $67 million, though financial gains, not its industrial core, drove most of the rise.
Tanzanian billionaire Mohammed Dewji to invest $275 million in graphite mining and luxury tourism
Tanzanian billionaire Mohammed Dewji is investing about $275 million in graphite mining and luxury tourism, part of a plan to triple MeTL Group revenue by 2035.