April 16, 2018 / 7:19 AM / 3 months ago

BRIEF-Orascom Development Egypt Increases Free Float To 25 Pct

April 16 (Reuters) - ORASCOM DEVELOPMENT EGYPT:

* ORASCOM DEVELOPMENT HOLDING SELLS 18.2 MILLION SHARES OF ORASCOM DEVELOPMENT EGYPT FOR EGP 608.4 MILLION

* INCREASES ITS FREE FLOAT TO 25 PERCENT

* THE SALE COMES AS PART OF CO’S STRATEGY TO ENHANCE THE LIQUIDITY OF STOCK

* BOARD OF ODH HAS MADE IT CLEAR THAT IT HAS NO PLANS TO SELL DOWN ANY FURTHER STAKE SALE IN ODE IN FORESEEABLE FUTURE Source:(bit.ly/2HE3OT1) Further company coverage:

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