Cairo – Mubasher: The board of directors of Cairo Poultry approved the final offer submitted by Cairo Three A for International Industries for 13.65 million shares in the Egyptian Starch and Glucose.

The decision is still pending the approval of the ordinary general meeting (OGM) set to be held on 5 May, according to a bourse statement on Sunday.

Cairo Three A has offered to buy Cairo Poultry’s stake in the Egyptian Starch and Glucose for EGP 8.54 per share.

It is noteworthy to mention that in 2019, Cairo Poultry’s net profits after taxes fell to EGP 116.9 million from EGP 147.62 million in 2018.