ArabFinance: Egyptian Starch and Glucose Company (ESGC) (ESGI) has assigned Baker Tilly Wahid Abdel Ghaffar Company to set the fair value of the former share, according to the company’s October 5th statement filed to the Egyptian Exchange.

In light of Cairo 3A for International Industries Company acquisition, ESGC will voluntarily delist from the Egyptian Exchange.

Cairo 3A purchased 50,077,580 shares of ESGC at EGP 8.61 per share.

The Financial Regulatory Authority (FRA) amended the price of Cairo 3A offer to acquire the stakes of Egyptian International Tourism Projects - Americana (EITP) and Cairo Poultry (POUL) in Starch and Glucose Industries' (ESGI) capital, from EGP 8.54 to EGP 8.61.

Egyptian Starch and Glucose operates in the food processing industry sector. The company is engaged in the production and distribution of starch, glucose, and related products.

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