Arab Finance: Egyptian Transport and Commercial Services Company (Egytrans NOSCO) has postponed the extraordinary general assembly that was set to consider voluntarily delisting its shares from the Egyptian Exchange (EGX), according to a company disclosure.
The company said it would return the matter to its board of directors in light of potential developments involving prospective buyer Africa Global Logistics (AGL) and pending approvals from the relevant authorities concerning economic concentrations.
The decision follows the FRA’s approval of AGL’s request for an additional 60 working days to submit a mandatory tender offer for Egytrans NOSCO shares. The extension begins on the working day after the current September 27, 2026 deadline and runs through December 21, 2026.
AGL previously said it would offer to buy up to 100% of the company’s shares, with a minimum acquisition threshold of 75%, as part of a plan to delist Egytrans NOSCO from the EGX. The preliminary price ranges from EGP 11.25 to EGP 12.25 per share.
