[ad_1]
Egyptian Stock Exchange – 7.2 million shares meet the offer of purchase of Suez BAGHDAD – The Egyptian Stock Exchange (EGX) 19659003] The Egyptian Stock Exchange declared that the total shares Responding to Mundi's bid for the acquisition of Suez Bags Company rose to 7.23 million shares by the end of the reporting period scheduled for Tuesday.
Grant Thornton, the financial consultant, said Mundi's offer to acquire The Suez Bag Company Company is considered a fair value
Grant Thornton concluded with an badessment of LE 23.6 at LE 25.71, and the board of directors approved the offer on the basis of this valuation later.
Mundi Industrial In February last year, announced a mandatory purchase of 7.66 million shares of Suez Bags Company, which represents 70.11% of the company's shares at a price of 26 , 01 pounds per share, with a value of about 199.4 million pounds.
Finance, on June 26 last, to publish the mandatory purchase offer statement, and then approved the Suez Cement Board of Directors for the bags on July 2, to appoint Grant Thornton Financial Consultants as an independent financial advisor to submit a report evaluating the mandatory purchase offer
The shares to be acquired by Mundi include the share of Tora Cement and Suez Cement, which are 53.32% and 4, 52% Loma News disclaims any liability for the contents of the Egyptian stock market – 7.2 million shares meet the offer of purchase of the title of Suez Bags News related to the news link of your site
or images, but the responsibility lies with the original publisher Source: Stock Exchange and Money
[ad_2]
Source link
