Cairo – Mubasher: Lantess International Ltd has sold 151.98 million shares from its stake in Porto Group Holding through two transactions worth EGP 59.49 million collectively, Arqaam Securities Brokerage said on Monday.
Thus, Lantess’ ownership in Porto Holding decreased from 3.55% to 0.21%, according to a bourse filing.
Lantess sold 11.24 million shares for EGP 4.6 million (EGP 0.41 per share) in the first transaction, and 140.74 million shares in the second deal for EGP 54.88 million (EGP 0.39 per share).
Porto Holding’s stock rose on Sunday by 2.5% to EGP 0.42.
