EIPICO invites shareholders for capital increase subscription into MUP

Updated 9/19/2023 9:30:00 AM
EIPICO invites shareholders for capital increase subscription into MUP

Arab Finance: The Egyptian International Pharmaceutical Industries Company’s (EIPICO) board of directors has approved inviting senior shareholders to subscribe to the capital increase of Medical Union Pharmaceuticals (MUP), as per a filing on September 19th.

Accordingly, EIPICO will maintain ownership of a 10% stake in MUP at a subscription price of EGP 42 per share, comprising a par value of EGP 10 and an issuance premium of EGP 32.

The total amount set to be paid for the subscription is valued at nearly EGP 84 million.

Founded in 1980, EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international.

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