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The Sovergin Fund of Egypt

Landmark Deal in Depth: ICON, Talaat Moustafa's Hotel Arm, Takes Over Majority Stake in 7 Hotels

Talaat Moustafa Group's ICON completes a historic acquisition, securing a majority stake in Legacy Hotels.

ICON acquires 39% stake in 7 historic hotels as part of Egypt’s IPO program

The value of the deal will reach $800 million when the ownership percentage in Legacy Hotels Company reaches 51% and will be financed through the internal resources of ICON

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