Cairo - Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offering (MTO) on the shares of Amoun Pharmaceutical Company, an unlisted company. 

The transaction involved the trading of 271.77 million shares for EGP 10.27 billion, the EGX said in a statement on Thursday. 

Earlier, the Abu Dhabi sovereign fund ADQ’s Ultra Welfare Limited offered to purchase 272.114 million shares or 100% of the pharmaceuticals firm's shares for EGP 37.8 per share.