The National Service Projects Organisation (NSPO) acquired on Monday 20% stake of TAQA Arabia for EGP 1.629bn.
Silverstone Capital reduced its stake in TAQA Arabia from 49% to 29%.
The Egyptian Exchange (EGX) revealed that a deal was implemented on TAQA Arabia’s shares. It was implemented through a mechanism for large-scale deals, on 270.47 million shares, with a total value of EGP 1.63bn.
EGX also stated that the deal was implemented within the framework of transferring the ownership of the company’s shares to one of the creditors referred to in Item No. (3) Paragraph (B) of the disclosure report for the purpose of trading the shares of the issuing company. It was displayed on EGX’s screens on 6 July.
Rimco EGT Investments LLC had raised its stake in the capital of an Arab energy company from 0.174% to 14.49%.
Rimco also bought 193.54 million shares of Taqa Arabia, with a total value of EGP 1.72bn per share, with an average purchase price of EGP 8.9 per share.
Financial Holdings Investments raised its stake in the capital of Taqa Arbia from 3.55% to 17.78%. The company bought 192.4 million shares of Taqa Arabia, with a total value of EGP 1.712bn per share, with an average purchase price of EGP 8.9 per share.
Earlier this year, Silverstone Capital also reduced its stake in TAQA Arabia from 79.81% to 49.13%.
Silverstone Capital sold 414.81 million shares of TAQA Arabia, with a total value of EGP 3.69bn, and an average selling price of EGP 8.9 per share.
