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Tomorrow: EGX opens OPR for Naed to buy Egypt for Poultry

Tomorrow: EGX opens OPR for Naed to buy Egypt for Poultry

Arab Finance: EGX administration announced that it will open OPR market for Naed For Investment & Development Company to purchase 62.088% of Egypt for Poultry (EPCO) through recording asks and bids orders for 20 days, starting from trading session Thursday, 13/07/2017 till ending of trading session Thursday 10/08/2017.

Yesterday, Egyptian Financial Supervisory Authority (EFSA) agreed to announce the obligatory tender offer of Naed For Investment, amounting to 29,367,700 shares, representing 62.088% of Egypt for Poultry, at LE2.57 per share.

It is worth mentioning, the deal will be executed in the next 5 days started from ending of offer's validation period, EGX added. 

Read Also: Naed hires ArabFinance to execute tender offer of Egypt for Poultry

 

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