Cairo – Mubasher: The board of directors of Cairo Poultry approved the final offer submitted by Cairo Three A for International Industries for 13.65 million shares in the Egyptian Starch and Glucose.
The decision is still pending the approval of the ordinary general meeting (OGM) set to be held on 5 May, according to a bourse statement on Sunday.
Cairo Three A has offered to buy Cairo Poultry’s stake in the Egyptian Starch and Glucose for EGP 8.54 per share.
It is noteworthy to mention that in 2019, Cairo Poultry’s net profits after taxes fell to EGP 116.9 million from EGP 147.62 million in 2018.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
