Target for Real Estate buys EGP 8.7M stake in Lecico Egypt

Updated 11/20/2022 2:41:19 PM

Arab Finance: Target for Real Estate Investment, Development, Agricultural Reclamation, and Tourism Development purchased 1.025 million shares in Lecico Egypt (LCSW) for EGP 8.68 million or EGP 8.47 per share, according to a shareholding disclosure on November 20th.

Accordingly, the company’s stake in Lecico Egypt grew to 1.3307% from 0.4872%.

Lecico is an Egypt-based public shareholding company engaged in the manufacture of tiles and sanitary ware products. The company offers its products through three segments: sanitary ware products, ceramic tiles, and brassware.