An unknown buyer agreed to acquire a 15.6% stake in Medco Plast for Packing and Wrapping Systems S.A.E. from Middle East Glass Manufacturing Company S.A.E. for EGP 230.16 per share.

An unknown buyer agreed to acquire a 15.6% stake in Medco Plast for Packing and Wrapping Systems S.A.E. from Middle East Glass Manufacturing Company S.A.E. (CASE:MEGM) on July 13, 2021. An unknown buyer entered into a final agreement to acquire a 15.6% stake in Medco Plast for Packing and Wrapping Systems S.A.E. from Middle East Glass Manufacturing Company S.A.E. for EGP 230.16 per share on November 2, 2021. As of July 13, 2021, Middle East Glass board approves to exercise option to sell entire stake in Medco Plast.