Eastern Co. files lawsuit against Arabian for Trade for manufacturing cigarettes
Eastern Company (EAST.CA) filed a lawsuit against Arabian for Trade for competing against it in manufacturing cigarettes. According to a judicial source, Eastern is the only company that has the right to manufacture cigarettes in Egypt. The lawsuit was postponed to 15 December 2016. (Al Borsa) Eastern Company: EGP212.00 as of 09 October 2016, Rating: Buy, FV: EGP310.00 per share, MCap: USD1,194mn, EAST EY / EAST.CA
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