Arab Finance: The Egyptian Natural Gas Holding Company (EGAS) has raised its stake in Misr Fertilizers Production Company (MOPCO) to 9.07% from 8.46%, as per a filing.
This comes after EGAS has purchased 12.765 million shares MOPCO at an average price of EGP 47 per share, or a total of EGP 599.954 million.
Beltone Securities Brokerage served as the transaction’s broker.