Investment institution seeks minority stake in Minapharm’s shareholder
Updated 6/20/2022 2:21:00 PM
Arab Finance: Triquera B.V., a shareholder of 27.82% in the capital of Minapharm Pharmaceuticals (Minapharm) (MIPH), has signed a preliminary non-binding memorandum of understanding (MoU) with an investment institution, under which the latter seeks to subscribe into the capital increase of Triquera with a minority stake, according to a statement filed to the Egyptian Exchange (EGX) on June 20th.
The potential investor will not subscribe with a stake of more than the thresholds stipulated as per the laws regulating tender offers.
The stake of Triquera in Minapharm will not be subject to sale.
The investment institution has requested to begin conducting the due diligence on the company.
The signed MoU does not represent a final agreement on the terms of the transaction.
