Brief: Orascom Development Egypt Increases Free Float To 25 Pct

Orascom Development Holding AG

16/04/2018 08:16

April 16 (Reuters) - ORASCOM DEVELOPMENT EGYPT  ORHD.CA :
    * ORASCOM DEVELOPMENT HOLDING SELLS 18.2 MILLION SHARES OF
ORASCOM
DEVELOPMENT EGYPT FOR EGP 608.4 MILLION
    * INCREASES ITS FREE FLOAT TO 25 PERCENT
    * THE SALE COMES AS PART OF CO'S STRATEGY TO ENHANCE THE
LIQUIDITY
OF STOCK
    * BOARD OF ODH HAS MADE IT CLEAR THAT IT HAS NO PLANS TO
SELL DOWN
ANY FURTHER STAKE SALE IN ODE IN FORESEEABLE FUTURE

Source:(https://bit.ly/2HE3OT1)
Further company coverage:  ORHD.CA 

 ((Reuters.Briefs@thomsonreuters.com;))