Egyptian Competition Authority Approves Major Mergers and Acquisitions, Including Heidelberg Materials” Stake in ZeroCarbon

Thursday 24 September 2026 09:46

The Economic Concentration Notification Files Examination Committee at the Egyptian Competition Authority (ECA) has officially approved several key economic concentration requests, clearing the way for new mergers and acquisitions.

The committee granted unconditional approval for the following transactions:
• The merger of Indovida India Private Limited into EPL Limited.
• The acquisition by Seres Group Co., Ltd. of a 33.33% stake in the joint venture Beijing Ionchi New Energy Technology Ltd.

Furthermore, the committee issued a conditional approval for the acquisition by Heidelberg Materials - Suez Cement S.A.E. of a 36.4% stake in ZeroCarbon for Sustainable Development.