Cairo – Mubasher: Giza General Contracting and Real Estate Investment Co (GGCC) has denied that Pioneer Holding for Financial Investment offered to buy 100% stake in it, according to a bourse filing on Wednesday.
It is worth noting that Pioneer Holding holds a 26.93% stake in GGCC.
GGCC previously posted a net profit of EGP 47.7 million for the period from January to September, versus EGP 50.05 million in the corresponding period of 2017, including minority shareholders’ rights.
In August, GGCC announced that it was awarded by the New Urban Communities Authority (NUCA) three projects worth EGP 355.45 million last July.
