The Egyptian Exchange (EGX) announced it carried out on Sunday a buy offer for 1.910 million shares in Ameco Medical Industries at EGP 17 each, totaling EGP 32.5 million.
The period set for placing sell orders for the mandatory buy offer received from TVM Healthcare for a 86.6% stake in the company expired last Sunday.
The company operates with EGP 20 million authorized capital and EGP 16.5 million issued and paid-in capital, divided into 3.3 million shares at EGP 5 par value each.
Photo Credit: Arabianeye-Reuters