Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » EGP 20/Share is UAE Consortium’s Final Offer for SODIC⏲

EGP 20/Share is UAE Consortium’s Final Offer for SODIC⏲

by Shams Abbas
November 28, 2021

UAE consortium led by Aldar Properties have no intentions of increasing their MTO offer from EGP 20/share if shareholders reject the MTO, according to Al Shorouk.

More details🧐 SODIC shareholders must accept or reject the offer by December 7th. EFG Hermes will reportedly sell its stake in the real estate developer, with the decision coming in light of current market & sector situations. SODIC’s share price hit a 52-week high on Thursday to reach EGP 19.50/share, before closing EGP 19.38/share at yesterday’s session close.

Why is this important🤔 The consortium had already increased its offer from EGP 18-19 to EGP 20, valuing SODIC at EGP 7.1 billion. 

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Mergers & Acquisitions 🤝

ADQ Holding reportedly in talks to acquire Telecom Egypt’s stake in Vodafone Egypt

by Shams Abbas
February 7, 2023
Race for Pachin could get even more serious
Mergers & Acquisitions 🤝

Race for Pachin could get even more serious

by Shams Abbas
February 5, 2023
Arab African Bank could exit its position in Palm Hills
Real Estate 🏡

Arab African Bank could exit its position in Palm Hills

by Shams Abbas
February 5, 2023
Real Estate 🏡

Egyptian government looks to ease the real estate sector’s crisis

by Shams Abbas
February 2, 2023
Mergers & Acquisitions 🤝

IDH pulls the plug on Islamabad Center acquisition

by Shams Abbas
February 1, 2023
Real Estate 🏡

Madinet Nasr Housing introduces a new way of owning real estate

by Shams Abbas
January 31, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)