ArabFinance: Amer Group Holding (AMER) announced that three companies have sold shares in the company for an average price of EGP 0.90 per share, according to shareholding disclosures filed to the Egyptian Exchange (EGX).

Sol Global Holding Ltd has sold 363.26 million shares in Amer Group at a total value of EGP 326.94 million, reducing its stake to 0.18% from 36.40%.

Additionally, Lantess International Ltd has sold 74.803 million shares in Amer Group at a total value of EGP 67.32 million, cutting its stake to 0.037% from 7.49%.

Fineby Estates Limited cut its stake in Amer Group to 0.001% from 0.21% after selling 2.12 million shares in a transaction valued at EGP 1.91 million.

Amer Group is engaged in diversified industry sectors, with its operations being structured into many segments, namely real estate, restaurant, hotel, malls, retail, among others.