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Govt holds tight to shares in port logistics company as UAE bids to increase share
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Govt holds tight to shares in port logistics company as UAE bids to increase share
Declining to sell state shares in Alexandria Container and Cargo Handling Company (ALCN), the government has confirmed it will maintain its stake after Abu Dhabi Ports Group submitted a mandatory purchase offer to buy the government’s stake in the company last week. “The Holding Company for Maritime and Land Transport does not wish to sell any of its shares,” read a stock exchange disclosure issued Sunday morning, echoing the same position stat…
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