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EGX announces execution of EGP 511.6M MTO on Domty’s shares

EGX announces execution of EGP 511.6M MTO on Domty’s shares

ArabFinance: The Egyptian Exchange (EGX) on September 21st announced the execution of an EGP 511.59 million mandatory tender offer (MTO) on the shares of Arabian Food Industries Company (Domty) (DOMT).

The transaction was executed on 93.016 million issued shares.

On August 16th, the Financial Regulatory Authority (FRA) approved the submitted offer by Expedition Investments to acquire up to 34% stake in Domty at a price of EGP 5 per share.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

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