Porto Consultancy acquires 43.8% stake in Amer Group

Updated 12/28/2021 3:33:52 PM

ArabFinance: Porto Consultancy DMCC has acquired a 43.88% stake in Amer Group Holding (AMER) in a transaction worth EGP 396.178 million, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).

It is worth noting that Porto Consultancy has purchased 440.198 million shares in Amer Group at an average price of EGP 0.90 per share.

It has been also announced today that three companies sold shares in Amer Group.

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.