Friday, 26 December 2008
Misr National Steel - Ataqa takover
Misr National Steel - Ataqa is to be aquired by Red Sea Steel for LE 370.6 million ($67 million). The takeover values in Ataqa at LE 247.09 a share. Ataqa is listed on the Egyptian stock exchange but few will benefit from the massive premium as there have been no transactions in the shares throughout 2008!