Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved the publication of a mandatory tender offer (MTO) submitted by UAE's Ultra Welfare Ltd to acquire Amoun Pharmaceutical Company.
The offer includes the acquisition of up to 272.114 million shares or 100% of the pharmaceuticals firm's shares, the FRA said in a statement to the Egyptian Exchange (EGX) on Tuesday.
The MTO will be executed on at least 51% of the company's shares for EGP 37.8 apiece.
