Thndr Claps » EGY Claps » Real Estate 🏡 » Madinet Nasr unhappy with SODIC’s offer ❌
The ClapMadinet Nasr (MNHD) are set to reject due diligence conducted by SODIC (OCDI) as they are unhappy about the initial offer.The DeetsSODIC had put in an offer to acquire 100% of Madinet Nasr for a price range between EGP 3.2 – 3.4. However, MNHD and their shareholders find the initial price too low. They believe the offer SODIC has put forward is not representative of their current market position as well as assets.So what now?The reaction of SODIC is still unclear. They may come back with an improved offer to MNHD or they may even withdraw from the deal.
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