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Target buys equity in New Ismailia

Target buys equity in New Ismailia

ArabFinance: Target Real Estate Investment purchased 700,000 shares of New Ismailia for Urban Development Company at a total value of EGP 17.71 million, according to a December 22nd disclosure.

The transaction value stood at EGP 25.3028 per share.

Target currently owns 5.4102% stake in New Ismailia, compared to the previous 3.51%.

Beltone acted as the broker for this purchase transaction.

Target recently sold 562,224 shares of the listed firm.

 

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