Cairo – Mubasher: Metallurgical Industries Holding Co has sold its entire stake of 17.94% in Tourah Portland Cement Co for EGP 45.72 million.
The transaction involved 6.36 million shares at an average price of EGP 7.18 apiece, according to a bourse disclosure on Sunday.
Arab African International Securities (AAIS) acted as the broker in the transaction.
During the first nine months of 2020, Tourah Portland Cement Co incurred net losses of EGP 208.65 million, down from EGP 516.56 million in the year-ago period.
