Egypt Financial Investment Co. receives second offer for its 43% stake in National Co. for Maize Products
National Co. for Maize Products (NCMP.CA) announced that its biggest shareholder, Egypt Financial Investment Co., which owns 43% of the company, has received a second offer for its stake in NCMP from Cairo Three A Group. According to the company, the offer does not include an agreement on the price of the deal. If negotiations between both parties are successful, and a final deal is reached, Cairo Three A Group will bid for 100% of NCMP's capital. Earlier this month, Egypt Financial Investment Co. had signed a non-binding memorandum of understanding (MoU) with Switzerland’s ADM International Sarl to sell its 43% stake in NCMP.
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