Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian Company for International Touristic Projects (Americana Group) approved Cairo Three A for International Industries’ offer to buy its stake in the Egyptian Starch and Glucose.
Cairo Three A has offered to purchase Americana Group’s stake in the Egyptian Starch and Glucose, totalling 11.636 million shares, for EGP 8.54 per share, according to a bourse disclosure on Sunday.
In addition, the majority of shareholders approved a proposal to distribute EGP23.12 million or EGP 0.05778 per share as cash dividends for 2019.
It is worth mentioning that in 2019, Americana Egypt’s net profits fell to EGP 13.37 million from EGP 29.46 million in 2018.
