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Sunday, 23 December 2018

Sarwa shares down 7% on the EGX on second day after OIH acquisition

M&A WATCH- Sarwa shares down 7% in day two after OIH acquisition: Sarwa Capital’s share price fell just over 7% by the closing bell on Thursday, wrapping the day at EGP 5.98 per share from its opening price of EGP 6.52. That brings Sarwa shares down just over 17% in the two trading sessions after Naguib Sawiris’ Orascom Investment Holding (OIH) bought a 30% stake (c. 216 mn shares at EGP 7.36 per share) in the consumer- and structured- finance player last week.

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