Raya Holding completes Ostool Land Transportation's stake sale to Ascom unit

Raya Holding for Financial Investments has completed the transfer of ownership of its entire shareholding in Ostool Land Transportation S.A.E. to one of Asek Company for Mining's (Ascom) subsidiaries, as per a disclosure.

Last month, the board of Ascom agreed to acquire 90% of Ostool Transport’s shares in exchange for EGP 641 million…