Arab Finance: Egyptian Transport and Commercial Services Company (ETRS) (EGYtrans) denied receiving an acquisition offer at a value of EGP 4.5 per share, according to a filing to the Egyptian Exchange (EGX) on September 28th.

The company revealed that it is considering the acquisition of a company operating in a complementary field to expand and support its operations.

It is worth noting that EGYtrans’ consolidated net profit after tax reached EGP 20.15 million in Q2 2022, compared to EGP 6.33 million in the same period last year.

EGYtrans is an Egypt-based company engaged in international sea, air, and land transportation services.

The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.