UAE’s Black Caspian Logistics eyes 90% stake in Alexandria Container
Updated 12/14/2025 2:55:00 PM
Arab Finance: Abu Dhabi-based Black Caspian Logistics Holding Ltd. presented a non-binding mandatory tender offer (MTO) to acquire 90% of Alexandria Container and Cargo Handling Company’s share capital, as per a statement.
Black Caspian Logistics Holding already owns 575.901 million shares in the EGX-listed company, representing 19.33% of the issued share capital.
The completion of this offer is conditional on acquiring 51% of Alexandria Container’s issued share capital, in accordance with Article 354 of the Executive Regulation of the Capital Market Law.
Meanwhile, the initial proposed purchase price has been set at EGP 22.99 per share.
The final decision to proceed with the transaction is subject to completing all necessary procedures and obtaining regulatory approvals from the competent authorities in Egypt and the UAE.
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