The Egyptian Stock Exchange Administration revealed that the compulsory purchase offer submitted by Banque Misr has been implemented on the shares of CI Capital Holding for Financial Investments in today’s session, bringing the total shareholding rate to 90%.
The Stock Exchange indicated that the implementation was carried out on 652.809 million shares with a total value of EGP 3.068.204 billion, pointing out that the bank’s contribution before implementation was 24.3%.
Pharos Securities Brokerage, Numbers for Securities Brokerage, and Beltone Securities Brokerage carried out the operation.
It is noteworthy that CI Capital Holding for Financial Investments announced in mid-February that Banque Misr formally submitted to the Financial Supervision Authority an offer to acquire most of its shares on Wednesday.
The price of the offer submitted is 4.70 pounds per share, and Banque Misr is committed to keeping the company traded on the stock exchange with a circulation of at least 10% of the shares.
The article “Banque Misr” implements the transfer of ownership of “CI Capital” shares, worth 3 billion pounds, which was written in the Al-Borsa newspaper.