Cairo – Mubasher: The Egyptian Exchange said Monday it executed a buy offer submitted by Omega Real Estate for a stake in Marseilia Real Estate Investment, at a total value of EGP 36 million.
It added that the buy transaction was conducted on 12 million shares at a value of EGP 3 each.
Omega Real Estate said earlier it was seeking to buy a 20% stake or 12 million shares in Marseilia for EGP 3 each at total value of EGP 36 million
Marseilia previously saw an increase of 102% to EGP 11.3 million in net profits for the first nine months of 2015, compared with EGP 5.6 million a year earlier.
