VOL. XLIII
No. 11
13-March-2000
EGYPT
Penrod Investments Secures 91% Stake In Egypts 'Amiriya
According to Egyptian investment bank EFG Hermes, the Egyptian Capital Market Authority (CMA) announced on 6 March the closing date for counter bids that 18,272,217 'Amiriya Cement Company shares have been offered to Penrod Investments Limited. Penrod has committed to buy the offered shares at E91 per share, at which price 'Amiriyas value per ton of capacity is $177, and the transaction will take place...
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