New Cairo Advertising acquires 9.9% stake in Arab Cotton Ginning

Updated 12/20/2023 9:38:00 AM
New Cairo Advertising acquires 9.9% stake in Arab Cotton Ginning

Arab Finance: New Cairo Advertising has acquired a 9.96% stake in Arab Cotton Ginning Company (ACGC) in a deal worth EGP 163.68 million, as per a disclosure.

New Cairo Advertising purchased 26.4 million shares at an average price of EGP 6.20 per share.

ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.

 
 

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