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Sol Global sells a large part of its stake in Amer Group for EGP 327 million

Amer Holding Group announced that Sol Global Holding Limited, which is the largest shareholder has sold a 36.4% stake for about EGP 327 million.

Amer Group explained, in a statement sent to the Egyptian Exchange, that the deal was executed through 363.2 million shares, with an average price of EGP 0.9/share.

The stake of Sol Global in the Amer Group decreased from 36.4% to 0.18%.