Investment banks show interest in Eastern offering

Investment banks show interest in Eastern offering
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Eastern Co EAST -0.16% 157.92 -0.26

Cairo - Mubasher: Three investment banks have contacted Chemical Industries Holding to manage the offering of 4% of the shares of Eastern Company.

Arab African International Bank (AAIB) and Pharos were among the interested entities seeking to present offer to NI Capital, which responsible for managing the government intital public offerings (IPOs) programme, Al-Mal reports.

Chemical Industries will receive offers after the eid holiday.

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Source: Mubasher

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