In late August, IMEX International submitted a compulsory purchase offer on up to 52.99 million NCGC shares, at a cash price of EGP 50/share. The purchase offer stipulates that the acquisition percentage should not be less than 51% of the company’s shares.
The purchase offer stipulates that the acquisition percentage should not be less than 50% of the company’s capital. IMEX International is also required to submit a letter of guarantee in accordance with the conditions and rules in force in this regard.
Negotiations with the government reached a dead end and the current solution is to return trading
