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Mansoura Poultry sells assets for EGP 30m

Mansoura Poultry sells assets for EGP 30m
Photo Credit: Arabianeye - Reuters
Mansoura Poultry
MPCO
-3.17% 1.22 -0.04

Cairo – Mubasher: Mansoura Poultry Co. sold assets totaling EGP 30 million, said a bourse statement.

The company finished negotiations with the purchaser, as well as, prepared the final contracts.

The purchaser paid EGP 15 million, while it will pay an amount of EGP 14 million through monthly checks over two years, noting that it paid earlier an insurance of EGP 1 million.