El Ezz Dekheila Steel announces completion of ownership transfer process in Egyptian Steel Group
Updated 1/30/2022 9:19:54 AM
ArabFinance: El Ezz Dekheila Steel – Alexandria (EZDK) (IRAX) announced that the ownership transfer process of the 18% stake owned by businessman Ahmed Hamdy Abou Hashima in Egyptian Steel Group to EZDK has been completed, according to a statement filed to the Egyptian Exchange (EGX).
The board of directors of EZDK previously approved the FV study conducted by the independent financial advisor (IFA) on the Egyptian Steel Group’s stock, in order to purchase Abou Hashima’s 18% stake in Egyptian Steel Group at a total value of EGP 2.5 billion.
El Ezz Dekheila Steel is an Egypt-based engaged in the manufacture and production of steel in different types and forms.
The company’s direct subsidiaries include Al Ezz Steel Sheet Manufacturing Company, Steel Company for Industry, and Trade and Contracting Company, which is focused on the manufacture and trade in all types of metal and metal products.
