Arab Finance: The Financial Regulatory Authority (FRA) has approved the offer submitted by MENA Glass Holdings Limited to acquire 40.76%, or 25.528 million shares, in the Middle East Glass Manufacturing Company (MEGM), a filing showed.
MENA Glass Holdings seeks to acquire a 40.76% stake in MEGM at a value of $2.264 per share.
MEGM is an Egypt-based company primarily engaged in the manufacture, sale, and export of glass containers in the Middle East and North Africa region.
The company’s product solutions include food jars, bottles, juice, carbonated bottles, and pharma, among others.