Arab Finance: The board of Industrial and Engineering Enterprises Company (IEEC) approved acquiring Enterprise Sigma Technology’s shares for an amount of EGP 300 million, according to a bourse disclosure.
During their meeting on December 20th, the board members greenlighted the acquisition of Smart Parking Company in exchange for a maximum value of EGP 400 million.
The transactions’ amount will not exceed the fair value determined by an independent financial advisor.