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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Raya Subsidiary Purchases Additional Stake in Polish Company🍝

Raya Subsidiary Purchases Additional Stake in Polish Company🍝

by Shams Abbas
November 27, 2021

Raya Holding (RAYA) obtained the Polish government’s approval for the purchase of an additional 4.99% stake in “Makarony Polskie” for $820 thousand.

Who is affected🤷 Listed on the Warsaw Stock Exchange, a 19.39% of Makarony Polskie was owned by Raya’s subsidiary, Madova. Madova’s stake now stands at 24.38% following the transaction. 

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