Egypt's Dice denies merger reports

The company has no intention to merge with another entity in the coming period

  
Cairo – Mubasher: Dice Sport and Casual Wear denied reports on talks for a stake sale and a potential merger with a company operating in the apparel sector.

The company has no intention to merge with another entity in the coming period, according to a statement to the Egyptian Exchange (EGX) on Monday.

It is noteworthy that during the first nine months of 2019, Dice logged a net profit of EGP 125.29 million, compared to EGP 112.06 million in the corresponding period a year earlier, including minority shareholders’ rights.

Source: Mubasher

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