Cairo – Mubasher: The Egyptian Exchange (EGX) resumed Wednesday trading on Middle East Glass Manufacturing after the company denied the news about resuming Misr Glass acquisition talks in two weeks.
Middle East Glass earlier said that one of the parties of the preliminary contract of acquiring 100% of Misr Glass sent a letter of intent expressing its intention to cancel the final sale contract.
The letter included a request from the company to get back an amount EGP 23 million which was paid as part of the preliminary agreement.
