Dice to purchase 1,600 m shares in ETC for LE19,840 m

Updated 8/19/2015 11:09:58 AM

Arab Finance: Dice Sport & Casual Wear’s  (DSCW) board of directors agreed the pricing study made by independent financial advisor from Economic Group Financial Advisors to set the fair value of Egyptian Co. for Knitting and Ready Made (ETC) at LE17.20 per share.

Dice said in a statement sent to EGX, it will purchase 1,600 million shares at LE12.40 per share in a total deal amounting to LE19.840 million.

Source: EGX & Arab Finance editor