The Cairo &Alexandria Stock Exchange reported yesterday that Chipsy for Food Industries (CFIN.CA) is engaging in M&A activity with a yet to be identified company. The negotiations are expected to be finalized within the next two weeks.
The Holding Company for Cinema and Tourism has postponed the last day of bids for the sale of EGOTH’s floating hotels, to January 10,2001 in order to give more time to investors to conduct further due diligence.
The Egyptian Company for Satellites – NileSat (EGSA.CA) held its extraordinary general assembly on December 7, which amended the company’s charter to operate as a free zone company in Sixth of October City instead of an inland investment company.
The Central Bank of Egypt announced the acceptable bids for its 182-day T-Bill auction, from which 65 out of 71 bids were accepted with a total face value of LE500.975 million. The annual interest rate ranged between 9.000 percent and 9.125 percent with an average of 9.116 percent. ¯ Prime Securities S.A.E.
