Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the execution of block-trading deals on the shares of several listed subsidiaries of Pioneers Holding Company for Financial Investment as part of the horizontal spin-off process.
Electro Cable Co. witnessed a block-trading transaction worth EGP 533.874 million after the exchange of 930.094 million shares, while Elsaeed Contracting and Real Estate Investment Company saw the trading of 126.248 million shares for EGP 106.30 million.
Moreover, another block-trading deal was executed on United Company for Housing and Development for 91.69 million shares at a value of EGP 433.735 million.
El Kahera Housing saw the trading of 68.822 million shares for EGP 1.085 billion and Arab Dairy Products Co. (Panda) witnessed a block-trading deal worth EGP 735.864 million executed on 63.821 million shares.
Additionally, a block-trading transaction worth EGP 242.279 million was executed on 352.149 million shares of Universal for Paper and Packaging Materials (Unipack) and a deal worth EGP 440.553 million was executed on 874.114 million shares of Giza General Contracting and Real Estate Investment Company.
