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Cairo Poultry, Americana accept Cairo 3A's offer

Cairo Poultry, Americana accept Cairo 3A's offer

ArabFinance: The Board of Directors of Cairo Poultry (POUL) and Americana Group (EITP) accepted on Feb. 02, 2020 Cairo 3A's offer to acquire their stakes in Starch and Glucose Industries(ESGI) share capital.

Cairo 3A submitted binding offer letters to purchase Americana and Cairo Poultry stakes in Starch & Glucose's capital. It targeted to acquire Americana and Cairo Poultry stakes, which represent 11,636,789 and 13,654,312, respectively.

The offer is valued at a price ranging from EGP 450,000,000 to EGP 510,000,000 implying a price per share of the company ranging from EGP 8.986 to EGP 10.184.

Read More: Cairo 3A submits offer to acquire stake in Starch & Glucose Co.

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