Macro Group plans to conclude acquisition deal in 2022

Updated 2/10/2022 3:14:17 PM

ArabFinance: Macro Group Pharmaceutical’s (Macro Capital) (MCRO) is planning to complete a new acquisition transaction of a company operating in the cosmetics and dietary supplements industries, Al Mal Newspaper reported, citing CEO Hisham Wasfy.

Macro Group seeks to conclude the transaction this year, Wasfy said in his speech during a press conference.

Moreover, he added that the group aims at releasing new five dietary supplement products in 2022

This comes as part of the company’s expansion plan in Egypt, he noted.

The group also plan to raise its exports in 2022 to reach 5%, Wasfy pointed out.

It is worth noting that trading of Marco Group’s stock on the Egyptian Exchange (EGX) commenced today.