AGL bids to fully acquire and delist Egytrans Nosco

French logistics group Africa Global Logistics ( AGL ) submitted an in dicative non-binding offer to acquire up to 100% of EGX-listed Egytrans Nosco bourse disclosure (pdf)

Here’s what the transaction hinges on:

Who sits at the cap table: 29.8% of the company

AGL is prepared to pay in foreign currency:

About Egytrans Nosco: a reverse merger back in December

A strong 1Q on paper, but mind the distortion: latest consolidated results (pdf)

The corporate umbrella:

REMEMBER- in 2023 two major truck-management concessions