Raya zeroes in on Ostool exit

Raya Holding is edging toward closing the loop on a six-year-long Ostool divestment saga. Ostool Transport and Logistics Ascom Mining Group bourse filing (pdf) submitted the offer

Raya’s attempts to exit land logistics stretch back to February 2020 EGP 133 mn at EGP 10.7 entire stake for EGP 266.6 mn to transfer the funds on time

Raya took a sharp U-turn in December 2023 and consolidated its Ostool stake to 90% told