Ezz Steel denies intentions to buy additional stake in Al Ezz Dekheila Steel

Updated 6/20/2023 9:03:00 AM
Ezz Steel denies intentions to buy additional stake in Al Ezz Dekheila Steel

Arab Finance: Ezz Steel (ESRS) has denied submitting any offer to purchase any additional stakes in Al Ezz Dekheila Steel Co – Alexandria (EZDK), according to a filing sent to the Egyptian Exchange (EGX) on June 19th.

Also, Al Ezz Dekheila said that it did not receive any offer for a stake purchase.

On June 18th, Asharq Business reported that the Sovereign Fund of Egypt (TSFE) received the first draft of fair value (FV) study of Al Ezz Dekheila Steel, ahead of a potential sale of the government’s stake to Ezz Steel.

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