Unimix Egypt, REDCON Construction Co. S.A.E, New Smart Industrial and Commercial Investments, Egyptian Real Estate Investment Fund, Odin Capital Group for Financial Investments and ODIN Investments (S.A.E) cancelled the acquisition of 90% stake in Nasr Company for Civil Works from Madinet Nasr for Housing & Development S.A.E. and others.
Unimix Egypt, REDCON Construction Co. S.A.E, New Smart Industrial and Commercial Investments, Egyptian Real Estate Investment Fund, Odin Capital Group for Financial Investments and ODIN Investments (S.A.E) (CASE:ODIN) cancelled the acquisition of 90% stake in Nasr Company for Civil Works (CASE:NCCW) from Madinet Nasr for Housing & Development S.A.E. (CASE:MNHD) and others on December 21, 2020. On December 21, 2020, The Financial Regulatory Authority cancelled the tender offer on the basis of Board rejection by Madinet as the offer does not represent fair value.