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ICMI to buy production line for EGP 2.2 million

ICMI to buy production line for EGP 2.2 million
Pharmaceuticals company
ICMI
ICMI
9.99% 1.96 0.18

Cairo - Mubasher: International Company for Medical Industries Company’s (ICMI) said it will buy a production line for EGP 2.2 million.

The company stated that it will buy the production line at discount price of 32% relative to the evaluation price, as it considers the needed maintenance works to re-run the production line.

Earlier, ICMI raised its stake in in Alpha for Medical Materials through buying 190,000 shares at total value of EGP 380,000.