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Suez Canal Technology says 3 shareholders to sell 41% stake

Suez Canal Technology says 3 shareholders to sell 41% stake
Photo Credit: Mubasher Archive

Cairo – Mubasher: Suez Canal Company for Technology Settling said that three shareholders agreed to sell their 41% stake at EGP 16.5 per share, according to a Sunday’s bourse filing.

“Other shareholders owning %20 stake have not taken a decision yet regarding this purchase offer”, the bourse filing revealed.

The company operates with EGP 909 million, divided into EGP 90.90 million at EGP 10 each.

The stock quote rose 3.39% to EGP 14.94 by 10:32am Cairo time.