Shalakany is pleased to announce that it successfully represented its clients, the shareholders of Five Star Flour Mills and its subsidiary Five Star Feed & Animal Produce, leading regional producers of high-end flour brands and animal feed, as lead sell-side counsel in the acquisition of the Group by Al Moatabar Group.

Shalakany has been representing the Group for several years and acted as lead counsel in all previous potential acquisitions of the Group.

The acquisition plays a pivotal role in strengthening the market position of Camel Flour Mills and the Five Star Group in the flour milling sector in Egypt.

Omar Sherif, Partner and Head of the team working on this transaction said: “We are pleased to have successfully assisted one of our long-standing clients in this acquisition, which will strengthen its position on the Egyptian market.”