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MM Group for Industry and International Trade SAE (MTIE.CA)

MTIE.CA on Cairo Stock Exchange

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18 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Egypt's MM Group For Industry Board Approves To Increase Stake In Qanawat
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::BOARD APPROVES TO INCREASE SHARES IN QANAWAT FOR TRADE AND DISTRIBUTION UPTO 72.6 PERCENT.  Full Article

MM Group Updates On Stake In Abtkar Finance Investment
Monday, 28 Jan 2019 

Jan 28 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::HOLDS 56.17 PERCENT STAKE IN ABTKAR FINANCE INVESTMENT.MAY INCREASE CAPITAL IN FUTURE, CO'S OWNERSHIP MAY CHANGE TO BE WITHIN RANGE OF 50 PERCENT.  Full Article

Egypt's MM Group Says MLM Capital Buys 54.7 Mln Shares In Co
Monday, 31 Dec 2018 

Dec 31 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::MLM CAPITAL HOLDING LTD BUYS 54.7 MILLION SHARES OR 11.04 PERCENT STAKE IN CO FOR TOTAL VALUE OF EGP 478 MILLION.  Full Article

Egypt's MM Group Says Marwan Sherif Mahmoud Sells Entire Stake In Co
Monday, 31 Dec 2018 

Dec 31 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::MARWAN SHERIF SALAH EL DIN MOHAMED MAHMOUD SELLS HIS ENTIRE STAKE OF 5.52 PERCENT FOR EGP 239 MILLION.  Full Article

MM Group Says No Impact of Custom Dollar Rate On Mobiles And Home Appliances Prices
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::SAYS CUSTOM DOLLAR RATE WILL NOT HAVE IMPACT ON PRICES OF MOBILE PHONES AND HOME APPLIANCES.SAYS CUSTOM DOLLAR RATE WILL HAVE NEUTRAL IMPACT ON LOCALLY ASSEMBLED SAMSUNG TVS.SAYS FOUR CAR BRANDS DISTRIBUTED BY CO WILL BE SUBJECT TO DECISION OF CANCELLING CUSTOMS ON CARS IMPORTED FORM EUROPEAN UNION STARTING 2019.  Full Article

Egypt's MM Group Raises Stake In Qanawat To 62.7 Pct
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::ACQUIRES 25.2 PERCENT STAKE IN QANAWAT FOR TRADE AND DISTRIBUTION.ACQUIRES 25.2 PERCENT STAKE IN QANAWAT FOR TOTAL DEAL VALUE OF EGP 73.9 MILLION.RAISES STAKE IN QANAWAT TO 62.7 PERCENT FROM 37.5 PERCENT.  Full Article

Egyptian Exchange Says Rolako IG For Investment Buys Stake In MTI
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - THE EGYPTIAN EXCHANGE::ROLAKO IG FOR INVESTMENT PURCHASED 41.9 MILLION SHARES OF MM GROUP INDUSTRIAL & INTERNATIONAL TRADE (MTI) FOR TOTAL VALUE OF EGP 362 MILLION.  Full Article

Egypt's MM Group To Raise Stake In Qanawat For Trade And Distribution
Sunday, 11 Nov 2018 

Nov 11 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::BOARD APPROVES TO RAISE STAKE IN QANAWAT FOR TRADE AND DISTRIBUTION VIA 21.67 PERCENT STAKE PURCHASE.  Full Article

MM Group Decided Not To Pursue Acquisition Of i2, URC And DMCC
Monday, 25 Jun 2018 

June 25 (Reuters) - MM GROUP FOR INDUSTRY AND INTERNATIONAL TRADE ::SAYS COMPANY AND ALTURKI HOLDING MUTUALLY DECIDED NOT TO PURSUE 100 PERCENT ACQUISITION OF ITISALAT INTERNATIONAL EGYPT (i2), UNITED RETAIL COMPANY (URC) AND DUBAI MULTI TRADE COMMODITIES CENTER (DMCC).  Full Article

Orascom Development Egypt Signs Contract to Sell Stake In Tamweel Group
Thursday, 24 May 2018 

May 24 (Reuters) - ORASCOM DEVELOPMENT EGYPT ::SIGNS FINAL SALE CONTRACT WITH CONSORTIUM OF INVESTORS FOR ALL ITS STAKE IN TAMWEEL GROUP FROM A TOTAL VALUATION OF EGP 360.0 MILLION.THIS SALE WILL ENABLE ODE TO DECONSOLI DATE RELATED DEBT OF TAMWEEL GROUP WHICH STOOD AT EGP 1.1 BILLION AS OF MARCH 31.CONSORTIUM INCLUDES EBTIKAR FOR FINANCIAL INVESTMENT OWNED BY MM GROUP AND BPE HOLDING, TCV AND ACQUIRE.  Full Article