Banque Misr, one of Egypt’s largest state-run lenders, is planning to submit an offer to buy the share capital of CI Capital Holding for Financial Investments for 4.7 Egyptian pounds ($0.30) per share.
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The Egyptian Financial Regulatory Authority (FRA) on Monday made the announcement.
Trading CI Capital’s shares was resumed at 11:55 a.m. (09:55 GMT) on Monday, while all offers and requests registered on the company’s shares prior to the announcement were suspended, the Egyptian bourse said in a statement.
