ArabFinance: Egyptian International Tourism Projects - Americana's (EITP) ordinary general meeting (OGM) approved the final offer of Cairo 3A for International Industries Company (potential buyer) to acquire company stake in Starch and Glucose Industries' (ESGI) capital.

Cairo 3A also offers to purchase Cairo Poultry (POUL) in Starch and Glucose Industries' (ESGI) capital. It intended to acquire Americana and Cairo Poultry stakes, which represent 11,636,789 and 13,654,312, respectively, in ESGI.

Given the fallout of the spreading coronavirus on the financial market, the potential buyer offers to purchase ESGI's share at EGP 8.54 per share. 

According to the final offer, the Mandatory Tender Offer will be submitted to the Financial Regulatory Authority (FRA) no later than April 14th subject to the main shareholders' approval.