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Remco has intended to exit Empain by selling the entire stake of the former unit, Remco for Real Estate Construction.
Earlier, Remco approved the appointment of Dar El Khebra for Evaluation and Engineering Consulting to assess the value of Empain.
Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.
The company acquires plots of land, designs the development, sells individual units, and retains ownership of public areas such as hotels, landscaped areas, housing complexes, beaches, and water and sewage treatment plants.
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