|
contents | business | |||||||||
| Cimpor launches another bid for Egyptian cement company Portuguese cement giant Cimpor announced that its affiliate Cimpor Inversiones, S.A. obtained the approval of the Egyptian Capital Market Authority to launch a new tender bid over the full share capital of the Egyptian cement company Misr Cement (QENA), S.A.E. The new bid arises as a reply to a counter-bid of EGP 75 per share and will be launched at EGP 80 per share, being its success subject to the acquisition of a minimum of 15,000,001 shares (within a total of 30,000,000), condition that can be waived afterwards by the offerer. write your comments about the article :: © 2007 Construction News :: home page |