Arab Finance: Banque Misr sold its 9.98% stake in Egyptian Financial and Industrial (EFIC) for EGP 145.3 million, according to a disclosure filed to the Egyptian Exchange (EGX) on August 1st.
The sold shares amounted to 7.265 million and were sold at an average price of EGP 20 per share.
The sale transaction was carried out by Commercial International Brokerage Company (CIBC).
EFIC is an Egypt-based company involved in the production and marketing of agricultural chemicals.