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Thndr Claps » EGY Claps » Investment » Find out what companies gave up their stakes to ADQ 🤝

Find out what companies gave up their stakes to ADQ 🤝

by Ziad Amin
April 13, 2022

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%
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