01
Dec
12:57
Hadisolb names, values mining spin-off
Egyptian Iron & Steel Company (Hadisolb)’s spun-off mining company will operate under the name of Iron and Steel Company for Mines and Quarries.
The firm announced the spin-off in October (see Kallanish passim).
The company will be owned by the same shareholders as the steelmaker. It will have 976.87 million shares with a nominal value per share of EGP 0.2, giving it an issued capital of over EGP 195.37 million ($12.4m). This compares to Hadisolb’…
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