Competition Authority to challenge Public Prosecutor’s decision to drop case against Oriental Weavers
The Egyptian Competition Authority (ECA) is planning to challenge the Public Prosecutor's recent decision to drop the monopolistic practices lawsuit against Oriental Weavers (ORWE.CA), which surfaced nearly a year ago on a claim filed back in June 2010 that the company was forcing local distributors not to sell competitor products. (Al Borsa) Oriental Weavers: EGP8.87 as of 11 October 2016, Rating: Buy, FV: EGP11.30 per share, MCap: USD449mn, ORWE EY / ORWE.CA
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