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18-Jul-2016

SODIC and Madinet Nasr deny merger rumours

SODIC and Madinet Nasr Housing have separately sent releases to the EGX, denying the rumours of a possible merger between the two entities. (Company disclosures)   SODIC: EGP12.93 as of 17 July 2016, Rating: Buy, FV: EGP15.20 per share, MCap: USD500mn, OCDI EY / OCDI.CA

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