Holding Company refuses Black Caspian’ takeover bid for Alexandria Container
· Egyptian market news · ARAB
Holding Company for Maritime and Land Transport refused to sell its shares in Alexandria Container and Cargo Handling Company to Black Caspian Logistics Holding Limited, according to a bourse disclosure.
The UAE-based company submitted its mandatory tender offer (MTO) to the Financial Regulatory Authority (FRA) to acquire a 90% stake in Alexandria Container.
In December 2025, Black Caspian announced its intention for the stake acquisition deal at an initial purchase price at EGP 22.99 per share.
Original source: www.zawya.com