The holding company for Chemical Industries has received several offers from foreign investors to purchase a share not exceeding 30% of its total share of 50.95% of the shares of eastern company.
This came according to a statement issued by the eastern smoke company, in response to the stock exchange's inquiries regarding the sale of part of the company's shares.
The eastern smoke company said that it is currently studying the offers submitted to the holding company for chemical industries and negotiating with its providers to choose the best one, noting that the implementation of the deal is related to the screening of ignorance.
This comes in implementation of the state directives on the program of offering state-owned companies on the Egyptian Stock Exchange in order to expand the ownership base, activate trading on the stock exchange, enhance investment opportunities and benefit from the proceeds of the offering of shares in the development, modernization and restructuring processes.
Source : tahiamasr
