The Clap
ADQ’s acquired stakes in 5 Egyptian public companies, let’s find out which companies gave up their stakes to the Emirati wealth fund.
- The seller in MOPCO Fertilizer Production Company was the Ministry of Finance, which reduced its stake in the company from 26% to 6%.
- The National Bank’s stake in Commercial International Bank decreased to 0.33% after selling 9.2% of its shares. The bank also reduced its stake in Fawry shares by 6.3% to reach 6.24%.
- The Alexandria Port Authority relinquished 32% of its stake in the Alexandria Container Handling Company, as its share decreased from 39.6% to 7.6%.
- The National Investment Bank relinquished its entire stake to Abu Dhabi Holding in Abu Qir Fertilizer Company, estimated at 21.5%
- Banque Misr reduced its stake in Fawry by 6%, now at 9.48%
