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Article: Egypt Kuwait Holding gains USD 35m from sale of stake in Egyptian Flat Glass Co.
- Article from:
- ADP News Middle East & Africa
- Article date:
- September 4, 2009
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(ADPnews) - Sep 4, 2009 - Egypt-based and Kuwait-listed investment company Egypt Kuwait Holding (CAI:EKHO) has gained USD 35 million (EUR 24.5m) from the sale of a stake in Egyptian Flat Glass Co, EKHO said yesterday in a statement to the Kuwait Stock Exchange (KSE).
The stake, comprising 1,072,227 shares, was sold for a total USD 86 million.
No further details were made available.
Egypt Kuwait Holding (www.ekholding.com) focuses on private equity investments in a range of industry sectors. The company is involved in the investment and establishment of subsidiary companies in the fields of information technology, utilities, infrastructure, ...