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Egypt's largest steel producer acquires 18% of Egyptian Steel at $160m

Egypt’s largest steel producer Al Ezz Dekheila purchased 18 percent of Egyptian Steel Company’s total equity in a deal worth 2.5 billion Egyptian pounds ($160 million). The purchase has been made from the founding partner Ahmed Abou Hashima and his company Egyptian Steel, according to an EGX filing. The fair value of the share has been set at 1,192 Egyptian pounds by the ....

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