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

About this update from 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 EGYTRANSEGYTRANS - INDICATIVE PURCHASE PRICE BETWEEN EGP 11.25 PER SHARE AND EGP 12.25 PER SHAREEGYTRANS - AFRICA GLOBAL LOGISTICS TARGETS TO ACQUIRE MINIMUM OF 75% AND UP TO 100% OF CO'S SHAREEGYTRANS - OFFER PRICE IS INDICATIVE, AND MAY ADJUST OFFER PRICE BASED ON FINDINGS OF REGULATORY DUE DILIGENCE

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