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EHDR postpones acquisition of EMRI… Withdraws from the acquisition of EMDE

Egyptians for Housing & Development Company (EHDR), Egypt, has requested an extension of submitting the acquisition offer of Emerald Real Estate Investment (EMRI) for 60 working days.

The Financial Regulatory Authority (FRA) approved the two-month deadline, starting from February 11.

On the other hand, EHDR notified the FRA of not submitting a compulsory purchase offer for the shares of Emerald Development and Projects Management (EMDE).