Cairo – Mubasher: Grand Investment Capital said Tuesday that its board of directors has accepeted an offer to buy its stake in Grand Investment Leasing, amounting to 1 million shares.
The final approval will be given after preparing a report by the company’s independent financial advisor on the fair value of its unit, according to a bourse filing.
Grand Investment Capital owns a stake of 99.85% in Grand Investment Leasing.
The stock stood at EGP 4.67 on Monday.
