Cairo – Mubasher: Misr National Steel – Ataqa said it received a letter from Misr Co. For Steel where expressed its intention to exit its stake in Ataqa either in full or partially.

Ataqa said it is still running preliminary negotiations and didn’t reach any deals yet.

Ataqa stock surged 8.09% to EGP 9.63 with trading value of 14,000 on Tuesday’s trading session.