Cairo – Mubasher: The Egyptian Exchange (EGX) announced a block-trading deal on the shares of Misr Fertilizers Production Company (Mopco).
This transaction came as part of the ministerial decision approving the dispute settlement and stock purchase agreements between Mopco’s Egyptian Nitrogen Products Company (ENPC) and Nutrien (formerly Agrium), according to a statement on Monday.
The agreements include the transfer of ownership of Agrium’s stake in Mopco amounting to 59.67 million shares to the Ministry of Finance.
During the first nine months of 2020, Mopco achieved net profits of EGP 1.68 billion, up from EGP 1.25 billion in the corresponding period a year earlier.
