Shares in Orascom Telecom surged the most in more than two months yesterday before trading of the stock is halted to facilitate splitting the company in two. According to Bloomberg, shares of the Cairo-based company soared as much as 8.5 percent, the most since 20 September, before trading 7.8 percent higher at EGP3.03 in midday trading Thursday. Orascom said this week it had asked the Egyptian bourse to suspend trading of its shares to allow it to split into two companies.
Recommended for You
Be the first to know.
Subscribe to our newsletter today.
You'll gain exclusive access to breaking news, expert analysis, and in-depth features delivered right to your inbox.
Comments