Stay updated with breaking news from Compass Capital. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Egypt’s strategic importance, resilient banking industry and huge population remain strong fundamentals for the country. Although it faces economic volatility, investors say the government is on the right track to unlock Egypt’s immense investment opportunities.
Fair value of Pachin's stock is lower than bids: Shafei
National Paints raised Monday its offer price to EGP 39.8 per share instead of EGP 37.75 per share, to purchase up to 24 million shares, representing 100% of the company's issued capital shares, with a minimum execution rate of 75%.
The company indicated that bidders pledged not to lay off the company's employees within the twelve months following the date of implementation of the offer, except in accordance with the provisions of the Labor Law. In addition, the Board of Directors expected the feasibility of the proposed future development plan by the bidder, stressing the need to adhere to the workers' rights and benefits in force.
Vantage will continue to provide mid-sized African businesses with flexible capital to drive business expansion and support job creation.