Cairo – Mubasher: Pioneers Holding said it submitted mandatory tender offer to the Egyptian Financial Supervisory Authority (EFSA) to buy 66.8125% or 5,345,000 shares of Universal for Paper and Packaging Materials (Unipack).
Pioneers Holding offer buying price stands at EGP 7.5 per share.
Following this transaction, Pioneers will own 100% of Unipack’s shares.
