Orascom appoints BDO Corp Finance to evaluate shares of Nile Sugar Company

$Image used for illustrative purpose. \\r\\nGeneral view of the new White Nile Sugar Factory in El Diwaym , Reuters Images/Mohamed Nureldin Abdallah$

Image used for illustrative purpose. General view of the new White Nile Sugar Factory in El Diwaym
Reuters Images/Mohamed Nureldin Abdallah

Last week Orascom's board gave initial approval to an investment committee proposal to acquire Nile Sugar

Ehab Farouk, Reuters News

September 27, 2018

PHOTO
Image used for illustrative purpose. General view of the new White Nile Sugar Factory in El Diwaym

CAIRO - Orascom Investment Holding appointed BDO Corporate Finance to establish a fair share price for Egyptian refiner Nile Sugar Company before possible acquisition, Orascom said on Thursday.

Last week Orascom's board gave initial approval to an investment committee proposal to acquire Nile Sugar.

(Reporting by Ehab Farouk, writing by Amina Ismail; Editing by Emelia Sithole-Matarise) ((amina.ismail@thomsonreuters.com; +20 2 2394 8114;))

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