April 16, 2018 / 5:12 AM / 6 months ago

BRIEF-Orascom Development: Free Float In Orascom Development Egypt Increased

April 16 (Reuters) - ORASCOM DEVELOPMENT HOLDING AG :

* FREE FLOAT IN EGYPTIAN SUBSIDIARY ORASCOM DEVELOPMENT EGYPT INCREASED THROUGH SALE OF SHARES TO STRATEGIC INVESTORS

* ODH SUCCESSFULLY SOLD AROUND 18.2 MILLION SHARES OF ORASCOM DEVELOPMENT EGYPT

* PROCEEDS OF SALE OF AROUND CHF 33.3 MILLION TO BE USED TO FINANCE GROUP’S EXPANSION PLANS IN OMAN AND MONTENEGRO Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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