Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) received a mandatory tender offer (MTO) from UAE's Ultra Welfare Ltd to acquire Amoun Pharmaceutical Company.
The company offered to purchase 272.114 million shares or 100% of the pharmaceuticals firm's shares for EGP 37.8 per share, the FRA said in a statement to the Egyptian Exchange (EGX) on Thursday.
The offer is still under consideration by the FRA.
