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ADSERO- Ragy Soliman & Partners Advises Americana Group in the divestment of its stake in the Egyptian Starch and Glucose company to Cairo 3A.

ADSERO – Ragy Soliman & Partners is pleased to announce that it has advised Americana Group, in the successful divestment of its stakes in the Egyptian Starch and Glucose Company (ESGC) (a company listed on the Egyptian Stock Exchange) to Cairo 3A through a Mandatory Tender Offer (MTO) process.The mandatory tender offer (MTO) submitted by Cairo Three was executed on the Egyptian Exchange (EGX) at an average price of 8.6 per share with value of EGP 420.26 million.