Egypt: Investor buys $27mln stake in Minapharm Pharmaceuticals

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Block-trading transactions involve the buying or selling of large quantities of securities, typically stocks, in a single transaction

Staff Writer, Mubasher

May 28, 2024

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Cairo - The Egyptian Exchange (EGX) on Monday announced the acquisition of 6.36 million shares in Minapharm Pharmaceuticals in a block-trading transaction.

The deal has a total value of EGP 1.27 billion.

Block-trading transactions involve the buying or selling of large quantities of securities, typically stocks, in a single transaction.

Block trades are often conducted outside of the open market through private negotiations to maintain confidentiality and minimise market disruption.

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