ArabFinance: Starch and Glucose Industries (ESGI) reported a 77% Year on Year (YoY) decline in its net losses for 2019.
The company suffered net losses of EGP 17.003 million in 2019, compared to EGP 74.308 million in the corresponding year, according to the released financial statement.
Americana Group’s (EITP) ordinary general assembly will review on April 9th Cairo 3A for International Industries' offer to acquire the company stake, representing 11,636,789 shares, in Starch and Glucose Industries' (ESGI) share capital.
The offer is valued at a price, ranging from EGP 450 million to EGP 510 million implying a price per share of the company ranging from EGP 8.986 to EGP 10.184.
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