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Sunday, 14 June 2020

Pioneers completes five-way MTO

M&A WATCH- Pioneers completes five-way MTO: Pioneers Holding’s non-cash mandatory tender offers to increase its share to 90% in five of its EGX-listed subsidiaries wrapped up during Thursday’s trading session, the company said in a regulatory filing (pdf). Al Mal was out with news on Thursday from the exchange listing the share subscription rates for each of the target companies, which include two real estate developers, two contracting arms, and one electric cables manufacturer.

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