Cairo – Mubasher: The Egyptian International Pharmaceutical Industries (EIPICO) announced the purchase of 4.78 million shares, or 9.77%, of Medical Union Pharmaceuticals (MUP).
The deal amounts to a value of EGP 210.32 million at EGP 44 per share, EIPICO said in a statement to the Egyptian Exchange (EGX) on Sunday.
Previously, the chairperson of Egy Lease owned by the Industrial Development and Workers Bank of Egypt, Iman Ismail, told Mubahser that the bank is in talks to acquire Egy Lease’s entire stake in MUP.
It is noteworthy that during the first half of 2019, EIPICO reported a net profit of EGP 398.3 million, up from EGP 388.3 million in H1-18, including minority shareholders’ rights.
