Dice receives MTO for 90% stake
Updated 9/19/2023 10:22:00 AMArab Finance: Dice Sport and Casual Wear has received a preliminary mandatory tender offer (MTO) from a consortium made up of Toma for Commercial and Industrial Investments and Maged Samir Toma Thomas for 90%, or 1.6 billion shares, in the former at an indicative price of EGP 0.65 per share, a statement showed.
The offer is yet to be considered by Dice’s board.
It is worth mentioning that Dice recorded a 380.04% year-on-year (YoY) hike in consolidated net profit after minority interest in the first six months of 2023.
Dice is an Egypt-based company engaged in the casual wear garments and textile industry.
The company manufactures and distributes ready-made casual wear made of pure and mixed cotton, polyester, and viscose fabrics in different types and other knitting products.
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