Egyptian Transport & Commercial Services Co. SaeEGX: ETRS

Egytrans Receives Offer From Africa Global Logistics (AGL) For Up To 100% Stake In Co

· Issued by Egyptian Transport & Commercial Services Co. Sae

EGYPTIAN TRANSPORT AND COMMERCIAL SERVICES CO. -EGYTRANS NOSCO EGX:ETRS:

  • EGYTRANS - AFRICA GLOBAL LOGISTICS (AGL) INTENDS TO SUBMIT MANDATORY TENDER OFFER TO ACQUIRE UPTO 100% OF EGYTRANS

  • EGYTRANS - INDICATIVE PURCHASE PRICE BETWEEN EGP 11.25 PER SHARE AND EGP 12.25 PER SHARE

  • EGYTRANS - AFRICA GLOBAL LOGISTICS TARGETS TO ACQUIRE MINIMUM OF 75% AND UP TO 100% OF CO'S SHARE

  • EGYTRANS - OFFER PRICE IS INDICATIVE, AND MAY ADJUST OFFER PRICE BASED ON FINDINGS OF REGULATORY DUE DILIGENCE

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