Cairo – Mubasher: The mandatory tender offer (MTO) submitted by Americana Holding for Egyptian Restaurants for the acquisition of the Egyptian Company for International Touristic Projects (Americana Egypt) was executed on the Egyptian Exchange (EGX) at a value of EGP 230.793 million.
The transaction involved 36.518 million shares, according to a bourse statement on Wednesday.
Earlier in July, the Financial Regulatory Authority (FRA) approved a request to publish the MTO submitted by Americana Group, a subsidiary of Adeptio, to acquire the remaining minority interest in Americana Egypt.
The offer includes the purchase of up to 38.61 million shares or 9.653% in Americana Egypt.
