Thndr Claps » EGY Claps » Health & Pharma 👩⚕️ » Kuwait Sovereign Fund subsidiary acquires stake in Rameda 💊
The ClapEkuity Holding, a subsidiary of the Kuwait Investment Authority, acquired a 5.4% stake in Rameda, increasing its total stake to 8.2%, according to sources.The DeetsThe operation was carried out through a “block trade” deal for EGP 159 million, which is around EGP 2.96 per share, 5.7% more than the market price.According to sources, the selling party was a foreign investment manager in Sweden.Why this MattersRameda’s share price ended the trading session up by 1.5%, the best performance for a stock in the EGX30 index during Wednesday’s session.
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