ArabFinance: Nile Cotton Ginning Company (NCGC) said the proposal by IMEX International to acquire the former 's shares is low-priced, according to the company's September 14th statement filed to the Egyptian Exchange.

IMEX International offered EGP 50 to acquire the Nile Cotton Ginning's share.

IMEX International aims to acquire 100% of NCGC’s capital – the equivalent of 52,992,500 shares – or a stake not less than 50%.

Nile Cotton, a subsidiary of Holding Company for International Trade and Cotton, is an Egypt-based public shareholding company that operates in the cotton and textiles sector. The unit is primarily engaged in cotton ginning, trading, and exporting.