Cairo – Mubasher: Nearly 12.035 million shares of Marseilia Real Estate Investment accepted a buyout offer from Omega Real Estate by the end of bid duration, according to OPR data.
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.
The tender offer was valid for ten working days starting from Thursday 26 November until Wednesday, 9 December.
Omega Real Estate said earlier, it 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.
