Alexandria Container approves fair value for Maritime Ports at $20.28mln ahead of sale

AI Summary

Alexandria Container and Cargo Handling Company approved a fair value assessment for Maritime Ports shares at $20.28 million, preparing for the sale of its entire stake. The valuation was conducted by independent advisor Elite Financial Consultancy to support the upcoming transaction.

Alexandria Container and Cargo Handling Company’s (ALCN) board has approved a fair value study of Egyptian Maritime Ports Company’s shares, paving the way for the sale of its entire shareholding in the latter, as per a disclosure. Prepared by independent financial advisor Elite Financial Consultancy, the study valued the shares of the Egyptian Maritime Ports ...