Polyserve completes its MTO on Ferchem 

Updated 5/9/2019 2:40:56 PM

ArabFinance: Polyserve for Fertilizers has implemented on Thursday the completion of its Mandatory Tender Offer (MTO) on Ferchem Misr Co. for Fertilizers & Chemicals (FERC), as per a bourse filing.

Polyserve has purchased 1.47 million shares at a total value of EGP 9.29 million.

On April 23, the Financial Regulatory Authority (FRA) said that it has no objection regarding the publication of Polyserve for the completion of its Mandatory Tender Offer (MTO) to Ferchem.

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