Arab Moltaqa to divest unit for EGP 2m

Cairo – Mubasher: Arab Moltaqa Investments said its board of directors gave go ahead to selling its whole stake in Alex Converta for Paper Industries.

The company will sell its 7.6% stake in the paper-manufacturing firm for EGP 2 million, according to a bourse statement.

Previously, Arab Moltaqa divested its stake in Mena Pharm for EGP 59.405 million.

Mubasher Contribution Time: 03-Feb-2016 08:49 (GMT)