VOL. XLIII
No. 24
12-June-2000
EGYPT
Misr Duty Free Share Buy-Back Nearly Completed
Misr Duty Free shareholders, company officials, and Egypts state-owned Housing, Tourism and Cinema Holding Company have agreed on a compensation scheme for shareholders in the duty free company. According to an EFG-Hermes statement, a compensation scheme was proposed and approved by the cabinet on 18 April for losses incurred following the government decree issued on 8 June 1999, closing the companys stores. The...
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