Cairo – Mubasher: Ezdehar Egypt Mid-Cap Fund, Ezdehar Management’s affiliate, and NBK Capital Company, National Bank of Kuwait’s (NBK) unit, submitted two bids for acquiring a majority stake in Misr Café​ Company, Al Mal newspaper reported on Thursday.

The deal is still under negotiations, some informed sources told Al Mal, adding that the Egypt-based company has received many bids from several national and international entities.

Arqaam Capital Company acts as the financial advisor for the seller, while Matouk Bassiouny Law Firm will act as a legal advisor for NBK Capital, the Egyptian newspaper revealed.

Misr Café did not release any data regarding the deal’s consideration.