Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has reduced its stakes in Dice Sport and Casual Wear and Golden Coast El Sokhna for Touristic Investment.
Target cut its ownership in Dice to 4.69% from 6.36% after selling 8.86 million shares for EGP 17.69 million, averaging EGP 1.99 per share, according to a bourse disclosure on Tuesday.
In a separate disclosure, Golden Coast El Sokhna for Touristic Investment said that Target sold 15.71 million shares in the company, reducing its stake to 2.26% from 9.1% for EGP 22.81 million at an average price of EGP 1.45 a share.
