Mansourah Poultry hires advisor to set FV of stake in Al Safwa Poultry

Updated 8/3/2022 3:27:00 PM

Arab Finance: Mansourah Poultry (MPCO) has announced that it appointed SOLID Capital for Financial Advisory as an independent financial advisor to determine the fair value (FV) of Mansourah’s stake in Al Safwa Poultry in preparation for selling its whole stake, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

On August 2nd, Mansourah Poultry received a purchase offer for its entire stake of 756,000 shares in Al Safwa Poultry at a price of EGP 13.23 per share.

Mansoura Poultry is an Egypt-based public shareholding company specializing in poultry farming and its related activities. The firm produces poultry products for breeding purposes for the production of hatching eggs and day-old chicks.