Alexanderia Container denies sale of 90% stake to UAE’s DP World
Updated 2/27/2022 10:27:06 AM
ArabFinance: Alexandria Container and Cargo Handling Company (ALCN) has denied the recently published news regarding the UAE-based DP World’s acquisition of 90% of its total shares, according to a statement filed to the Egyptian Exchange (EGX).
It is worth noting that one of the newspapers announced that DP World was looking to acquire a 90% stake in Alexandria Containers at a value of $1 billion.
In the first half (H1) of fiscal year (FY) 2021/2022, Alexandria Containers recorded a net profit after tax of EGP 717.76 million, rising by 14.80% year-on-year (YoY) from EGP 625.23 million.
Alexandria Container is an Egypt-based company that specializes in containers and cargo handling in Egyptian ports.
