Orascom’s stock market pullout started Wednesday

Orascom’s stock market pullout started Wednesday

OCI will comply with EFSA request for additional documentation, disclosures and clarification pertaining to the announced mandatory tender offer (MTO) by OCI NV on its ordinary shares (Photo\Public Domain)

Orascom Construction Industries Logo

OCI NV’s acquisition of Orascom Construction Industries Egypt (OCI SAE), with a value of EGP 4bn, started on Wednesday 31 July.

“This comes as the first stage of the company’s pullout from the benchmarked stock index, …