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Franklin Resources decreases its stake in EIPICO to 4.91%

Franklin Resources decreases its stake in EIPICO to 4.91%

Arab Finance: Egyptian International Pharmaceutical Industries (EIPICO) (PHAR) said Franklin Resources, Inc sold 234,725 shares from its shares.

Franklin Resources, Inc stake after deal execution has become 4.91% of the company’s capital from 5.20%.

It is worth to mention the deal amount is LE25,819,750 at an average price of LE110 per share.

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