{"id":322894,"date":"2021-08-09T12:57:23","date_gmt":"2021-08-09T12:57:23","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=322894"},"modified":"2021-08-09T12:57:23","modified_gmt":"2021-08-09T12:57:23","slug":"egx-executes-424m-mto-on-blom-bank-egypts-shares","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/08\/09\/egx-executes-424m-mto-on-blom-bank-egypts-shares\/","title":{"rendered":"EGX executes $424m MTO on Blom Bank Egypt&#8217;s shares"},"content":{"rendered":"<p>The Egyptian Exchange (EGX) announced the execution of a mandatory tender offer (MTO) on the unlisted shares of Blom Bank Egypt.<\/p>\n<div id=\"Outstream\"><\/div>\n<p>The MTO involved\u00a0the trading of 298.62\u00a0million shares at a total value of $424.04\u00a0million, the EGX said in a statement on Monday.<\/p>\n<p>Earlier, the Egyptian bourse\u00a0revealed the details of the MTO submitted by\u00a0Bahrain&#8217;s\u00a0Arab Banking Corporation\u00a0(Bank ABC)\u00a0to purchase up to 300 million shares or\u00a0100% of Blom Bank Egypt.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian Exchange (EGX) announced the execution of a mandatory tender offer (MTO) on the unlisted shares of Blom Bank Egypt.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":320765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23],"tags":[210,127],"class_list":["post-322894","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-markets","tag-blom-egypt","tag-egx"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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