Egypt: Proposals for purchase of National Glass

Details were recently given regarding the proposals to purchase shares of the National Glass Fabricating Company. It was reported that Flakton, a Dutch company, had made an offer to the Egyptian Monet…

Details were recently given regarding the proposals to purchase shares of the National Glass Fabricating Company. It was reported that Flakton, a Dutch company, had made an offer to the Egyptian Monetary Authority to purchase 90% of the stocks of the Glass Company at EP 160 per share. Also the Egyptian-Kuwaiti Holding Company made an offer to acquire the shares of the Glass Company as well as the Guardian Middle East and African Company, which made an offer to acquire all the shares at EP 165 a share.