Thndr Claps » EGY Claps » Mergers & Acquisitions 🤝 » Sinai Cement receives acquisition offer ✉
The FRA approved publishing “Vicat” company’s announcement of its offer to purchase up to 56.06 million shares of “Sinai Cement” (SCEM)
The DeetsVicat already has a 57.88% stake in Sinani Cement. The offer will secure another 42.12% to complete its 100% acquisition of Sinai Cement Company.
The offer is presented at a share price of 6.75 pounds.
Why this matters
The FRA clarified that its approval to publish the purchase announcement does not represent its confirmation of any procedures or agreements concluded between the two parties.
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