Egyptian Stock Exchange Experiences Delisting Scare

Egyptian Stock Exchange Experiences Delisting Scare

From The North Africa Post

Egyptian stock markets began the week in a state of stagnation with almost no news to inspire the local market. However, one of the big icons of its market, Orascom Telecom Holdings was nearly taken out of the exchange list after almost 10% of its shareholders were bought out.

The delisting of the telecommunication firm would have had negative impact on certain institutions but Vimpelcom would have rejoiced from the move because it will possibly allow it to reduce some of its expenses linked with its Egyptian operations. Moreover, it will avoid regulatory risks and political instability, and improve efficiency by placing Orascom Telecom Holdings’ assets under its direct management.

Read more at northafricapost.com