Cairo – Mubasher: Egyptian Iron and Steel (HADISOLB) is going through seven offers for examining the technical, financial and marketing aspects for restructuring, according to a bourse filing.

The company has completed the specification for its tender in which many international firms will participate.

Around five world companies from Russia, Italy, China, and Japan are contesting to win the tender, the statement indicated.

Earlier, the board of directors gave the green light to increasing its issued capital by around 100% from EGP 976.8 million to EGP 1.95 billion.

The stock quote was 0.1% higher to EGP 6.77 on Sunday by 1:13pm Cairo time.