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Ezz Aldekhela Steel Alexandria to acquire Ezz Flat Steel's shares

Steel News - Published on Thu, 10 Oct 2019

Image Source: en.amwalalghad.com
Zawya reported that Ezz Steel's Board of Directors approved the acquisition of Ezz Aldekhela Steel Alexandria of 35,290,000 shares from Ezz Steel owned Ezz Flat Steel Company's share capital.

Ezz Aldekhela Steel Alexandria will acquire Ezz Flat Steel's shares at the fair value of USD 10.09/share, against credit balances to be utilized in increasing capital of Ezz Aldekhela Steel - Alexandria with the fair value of EGP 1176.85/share which composed of EGP 1076.85 issuance premium and EGP 100 par value of share without issuance expenses.

Source :

Posted By : Rabi Wangkhem on Thu, 10 Oct 2019
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