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EGX says Egypt for Poultry & Naed are co-ownership

EGX says Egypt for Poultry & Naed are co-ownership

ArabFinance: EGX Administration announced on July 18, Egypt for Poultry (EPCO) and Naed For Investment are co-ownership and administration.

EGX revealed that according to article 68, Egypt for Poultry disposition of treasury stocks in favour of Naed, through the recent tender offer, is not considered a disposition for others.

It is worth to mention, Naed For Investment & Development Company submitted an obligatory tender offer to buy 29,367,700 shares, representing 62.088% of Egypt for Poultry shares, at price of LE2.57 per share, according to law 95 for 1992.

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04 Oct 2021
United Housing & Development UNIT

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