Egyptian Stock Exchange sets Spinalex bid date

The Egyptian Exchange has announced the commencement date for the voluntary takeover bid submitted by a consortium comprising NeoConstruction Chemical and their real estate investment shares, targeting 14.47 million shares of Spinax's capital, representing 13.42% of the shares, at a price of 15 Egyptian pounds per share. The bid submission will begin on July 6 and will last for 20 working days until August 3, with the possibility of extension if the period ends on a non-working day. The transaction will be executed within five working days after the bid period concludes.

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