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English news

11-Oct-2016

Oriental Weavers’ monopolistic practices lawsuit dropped

Oriental Weavers announced that the Public Prosecutor had dropped the monopolistic practices lawsuit against the company that 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. (Company disclosure, Hatem Alaa, Nada Amin)   Oriental Weavers: EGP9.08 as of 10 October 2016, Rating: Buy, FV: EGP11.30 per share, MCap: USD460mn, ORWE EY / ORWE.CA

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