Africa News Egypt's MNHD calls off planned share-swap with SODIC -...

Egypt's MNHD calls off planned share-swap with SODIC – document

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CAIRO, Jan 22 (Reuters) – Egypt's Madeline Nasr for Housing and Development (MNDH) has been scheduled to merge via a share-swap with the Sixth of October Development and Investment Company (SODIC), according to a document seen by Reuters on Tuesday.

SODIC had moved to acquire MNDH through a mandatory purchase of SODIC's shares for every one of Madinet Nasr's. (Reporting by Nadine Awadalla Editing by Gareth Jones)

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