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Electrolux presents tender for 100 per cent of Egypt's Olympic Group shares
Danish electronics giant takes the next step in its acquisition of the major Egyptian appliance firm
Ahram Online Published in Ahram Online on 26 - 07 - 2011

Electrolux has presented its mandatory tender offer to acquire 100 per cent of shares in the Olympic Group (OG), according to the Egyptian Financial Supervisory Authority (EFSA).
If EFSA approval is granted a tender period will be announced whereby OG shareholders will be able to sell their shares at the said price if they wish to do so.
On 11 July Electrolux announced thatParadise Capital had agreed to buy its 52 per cent share in OG, part of a long-planned takeover bid for the appliance company.

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