NCMP's largest shareholder signs MoU with ADM to sell stake, could bid for 100%
National Co. for Maize Products (NCMP.CA) announced that Egypt Financial Investment Co., which owns 43% of the company, had signed a memorandum of understanding (MoU) with Switzerland’s ADM International Sarl to sell its 43% stake in NCMP. According to the company, the MoU is non-binding and does not include an agreement on the price of the deal. If negotiations between both parties are successful and a final deal is reached, ADM will bid for 100% of NCMP's capital.
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