Olympic Group for Financial Investments

Olympic Group originally dates back to the 1930s. Currently, the
company operates 11 factories, most of which are located at 10th of Ramadan. OG has maintained a leading position in Egypt.s white goods market, with a market share of 30%. Its portfolio is well-segmented, offering products targeting different income classes.
Exports as a percentage of total sales contribute to almost 10%.
OG procures around 50% of the components used in manufacturing locally, importing the remainder.
In August 2009, OG swapped its 2.47mn treasury shares with shares of CFI. CFI supplies OG and other parties with heaters & thermostats used in production.
As part of its strategic alliance with Electrolux, the company
undergone an investment plan that involved an upgrade in the
capacities and specs of some products to fulfill the consumers
shifting needs as well as to cut costs. The company was expected to begin automatic washing machines. exports to Arab & African markets in 2H2011.
OG lately announced that it is a target for acquisition by Electrolux.
Companies are currently engaged in a due diligence process,
after which Electrolux will present an offer to buy Paradise
Capital Stake in OG (52%) and will present the same offer to
minority shareholders.