Consortium bids for a further 13.42% of Spinalex, stopping just before a mandatory buyout

A consortium of New Construction Chemical (NCC) and Escom for Real Estate Investment is moving to lift its stake in EGX-listed Alexandria Spinning and Weaving (Spinalex) EGX bulletin

The consortium is offering EGP 15 per share offer documents (pdf)

The ownership math: up to 72.07 mn shares trimmed it to the 13.42%

Price check: EGP 14.49

Regulatory green light:

Why it matters: a FY 2024-25 loss latest available financials historical-cost accounting

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