EGX executes public, private offerings on Macro Group

Cairo - Mubasher: The Egyptian Exchange (EGX) has announced the execution of the public and private offerings on 264.51 million shares in Macro Group Pharmaceuticals, representing 45.8% of the company’s issued capital, at a total value of EGP 1.28 billion.

The public offering has been implemented on 13.225 million shares, accounting for 5% of the offered shares and 1.61% of total issued shares, the EGX said in a statement on Tuesday.

Meanwhile, the private offering has been executed on 251.29 million shares, representing 95% of the offered shares and 24.5% of total issued shares.

Trading on Macro’s shares on the EGX will start on 10 February 2022.

Source: Mubasher

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