Arab Finance: Company denied Ezz Steel – (ESRS)It has received any offer to purchase freely traded shares from any party, whether an official offer, within the framework of talks, or otherwise, as stated in Her statement Sent to the Egyptian Stock Exchange.
This came in response to inquiries from several investment banks, portfolio and fund managers, and some investors, regarding reports that Ezz Steel had received an offer to buy freely traded shares on the stock exchange from regional or international parties.
The company was established in 1994 and the purpose of the company and its subsidiaries is to manufacture, trade and distribute iron and steel of all types and related products and services. Ezz Steel is currently one of the largest steel producers in the Middle East and North Africa, and it also exports lengths and flat steel products to many countries around the world. In 2011, Ezz Steel’s production capacity reached 7 million tons annually, divided between 4.7 million tons of steel length products and 2.3 million tons of hot-rolled flat steel coils. These high-quality products are manufactured through the four Ezz Steel factories inside Egypt, and their advanced production units, which are the latest in technology in this industry.
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