27
Jan
06:57
Ezz Steel completes acquisition of Egyptian Steel shares
The Egyptian Stock Exchange has executed the transfer of an 18% shareholding in Egyptian Steel to Al-Ezz Dekheila Steel Company (EZDK), a subsidiary of Ezz Steel, Kallanish notes.
On 9 December, EZDK's board of directors approved the acquisition of 18% of Egyptian Steel Group for Management of Steel Plant Projects Company (Egyptian Steel), belonging to Ahmed Abou Hashima.
The 18% equity stake corresponds to EGP 2.5 billion ($159.15 million), says Ezz Ste…
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