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M&A- #1- PHD purchases stake in Makor Hotels + Taaleem: Property development giant Palm Hills Developments (PHD) general assembly has approved the purchase of a 9.5% stake in Makor Hotels from Mansour-Maghraby Investment and Development Company in a transaction valued at just under EGP 175.6 mn, the company said in an EGX disclosure (pdf)

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As the youth e-cigarette epidemic grew, Altria, maker of the best-selling cigarette brand Marlboro, announced it had invested a $12.8 billion stake in JUUL Labs, maker of the top-selling e-cigarette and, in September 2019, an Altria executive was announced as JUULs new CEO

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