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

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 ......