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El Nasr Manufacturing expects to end factory crisis

El Nasr Manufacturing expects to end factory crisis

ArabFinance: El Nasr for Manufacturing Agricultural Crops anticipated the crisis of its onion factory in Sohag to be ended soon, according to Al-Mal News website.

The crisis began when a local authority put a sign on the land referring that is public property.

El Nasr got the Financial Regulatory Authority’s go-ahead on a mandatory tender offer submitted by a consortium of firms.

A consortium of Agricultural Production and New Smart Construction Company intended to acquire up to 7.07 million shares in the listed company.

El Nasr Manufacturing is an Egypt-based public shareholding company that operates in the food processing sector.

The listed firm is primarily engaged in the dehydration, distribution, and export of agricultural crops, including onions and other vegetables. The company is also engaged in the manufacture and export of dehydrating equipment and machinery.

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