Today . the listing of the shares of the “Macro Group” on the Egyptian Stock Exchange in view of the offer of 45.8%.

Shares of the pharmaceutical company “Macro Group” will be listed on the Egyptian stock exchange today, Thursday, following the approval of the stock listing and delisting committee yesterday, according to a statement on the Egyptian stock exchange.

This opens the way for the company to offer up to 45.8% of its shares, which will be traded under the symbol MCRO.CA, in a deal that puts the company’s market value at £ 3.5 billion, the Financial Regulator said in a note last month.

Last month, the company got the via free from the Financial Supervisory Authority to list its shares in stock exchange and gave until the end of January to implement the offer.

And earlier this week, informed sources said, according to the “Enterprise” bulletin, that the company’s stock is expected to start trading on the Egyptian stock exchange during the first quarter of 2022, noting that the timing for the bidding process is not. still been determined.

Market conditions are the main determining factors in determining the date of the offers in bag. The Financial Supervisory Authority recently indicated that it will be more flexible regarding the deadline for completing offers of companies whose shares have been listed and the offer process has not yet been implemented.

Previously, “Macro Group” had announced the postponement of the offer plan at the last minute in April last year, despite the great demand from international investment institutions, noting concern about the market’s ability to absorb this large number. of offers on the Egyptian stock exchange.

The company was about to start individual subscription when it decided to postpone the offer, and then set the price per share between 5.30 and 6.15 pounds, with a total value between 3.1 and 3.6 billion pounds. per transaction. Sources told Enterprise last month that the company plans to restart the order book creation process after the holiday season.

The “Macro Group” has entrusted the Hermes financial group with the role of sole international coordinator, and has also appointed Hermes and Renaissance Capital as co-managers of the ledger, while the company has appointed the studio White & Case as legal advisor in the process offer. Ink Tank serves as an investor relations consultant.

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