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Asmak ups stake in Porto Group Holding

Asmak ups stake in Porto Group Holding
The transaction included the purchase of 6.15 million shares
Porto Group
PORT
1.65% 0.73 0.01

Cairo – Mubasher: Asmak Co raised its stake in Porto Group Holding to 12.04% from 11.51%, HC Brokerage said.

The transaction included the purchase of 6.15 million shares for EGP 4.246 million, averaging EGP 0.69 apiece, according to a bourse disclosure on Thursday.

Over the course of 2020, Porto Group Holding achieved net profits of EGP 25 million, compared to EGP 104.25 million a year earlier.