Orascom Construction Ltd offers 11pc of shares on Cairo bourse

04 Mar, 2015

CAIRO: Limited said on Wednesday it was offering 11 percent of its shares on the Cairo bourse at 108.71 Egyptian pounds ($14.26) per share.

It said in a statement published in Egypt's Al-Ahram newspaper that the stock would be offered in two tranches with a total value of 1.41 billion Egyptian pounds ($185 million).

The first tranche will close on Thursday, it said.

Copyright Reuters, 2015

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