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Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Orascom Acquires Sawiris-Owned Company for $35 Million💰

Orascom Acquires Sawiris-Owned Company for $35 Million💰

by Shams Abbas
January 26, 2022

Orascom Construction (ORAS) announced the acquisition of “a leading company in the import, distribution & services of equipment in Egypt,” in a disclosure to the EGX.

More Details🧐 ORAS’ extraordinary general meeting last month had approved the acquisition of three companies, which include the National Equipment Company, Orascom Trading, & Orascom Free Zone, for a total of $35 million.

Why is this Important🤔 ORAS closed yesterday’s trading session up 0.14%.

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