Egypt's Heliopolis Co. shares fall 10% after no offers for partial management buyout
24/02/2020 08:12
CAIRO, Feb 24 (Reuters) - Shares in Egypt's Heliopolis Co.
For Housing and Development HELI.CA fell 10% in early trading
on Monday after it received no offers for a partial management
buyout.
The company said no offers were received on Feb. 23, the
last date set for receiving offers.
It said earlier that an alternative plan has been put in
place, and will be announced in the short term. urn:newsml:reuters.com:*:nFWN2AM12V
(Reporting by Ehab Farouk, writing by Mahmoud Mourad, editing
by Louise Heavens)
((mahmoud.mourad@thomsonreuters.com;))