Misr Insurance reduces Misr Cement-Qena stake

Misr Insurance Co has lowered its stake in Misr Cement-Qena from 9.3 to 4.68 per cent, Misr Asset Management said in a statement to the Egyptian Exchange on 23 June.

The insurance company sold 3.33m shares for EGP20.74m (US$1.28m) at an average price of EGP6.23/share.