Egyptian conglomerate to pick up majority stake in Amethis-backed industrial goods distributor

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Egyptian conglomerate Mansour Group-owned Unatrac Holding Ltd, a dealer of specialized machinery and equipment in ten countries, is set to acquire a controlling stake in Morocco’s leading machinery and equipment distributor, it is learnt. The Dubai-headquartered company, which holds exclusive dealership rights for American machinery and equipment giant Caterpillar in nine ......