19
Oct
13:17
Misr National takes step closer to new owner
Egyptian re-roller Misr National Steel Ataqa has had its stock valued at EGP 10.41-11.58 ($1.2-1.3) per share by an independent financial advisor in the run up to its delisting from the Egyptian Stock Exchange.
The firm earlier received a mandatory tender offer from El Wehda for Industrial Development for the acquisition of 3 million shares, equal to a 100% shareholding in Misr National Steel. The 400,000 tonnes/year rebar re-roller is currently 89.9%-owned…
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Anonymous
Very good overview of the weekly steel market.
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