Cairo - Mubasher: Marseilia Almasreia Real Estate Investment said its voluntary tender offer to buy Omega Real Estate would start on 26 November until 9 December.
Earlier, Marseilia Almasreia said it obtained the approval of the Egyptian Financial Supervisory Authority (EFSA) to publish the voluntary tender offer it received from Omega Real Estate.
Omega Real Estate seeks to buy a 20% stake or 12 million shares in Marseilia Almasreia for EGP 3 each at total value of EGP 36 million
Marseilia previously saw an increase of 102% to EGP 11.3 million in net profits for the first nine months of 2015, compared with EGP 5.6 million a year earlier.
