FRA nods to Polyserve MTO completion on its responsibility

Updated 4/23/2019 1:41:00 PM

ArabFinance: Financial Regulatory Authority (FRA) said on Tuesday that it has no objection regarding the publication of Polyserve for Fertilizers for the completion of its Mandatory Tender Offer (MTO) to Ferchem Misr Co. for Fertilizers & Chemicals (FERC).

The Authority added that the MTO completion will be executed on the fully responsibility of Polyserve Company without any responsibility on the Authority.

On December 20, EGX Administration announced the execution of MTO submitted by Polyserve to purchase shares of Ferchem.

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