Talaat Mostafa family denies intention to sell stake in TMG Holding
Talaat Mostafa Group (TMG) clarified and confirmed that none of the parties related to the Talaat Mostafa family has an intention to reduce their direct or indirect holding in the group or has offered to sell neither total nor part of their stake in TMG Holding. The Talaat Mostafa family continues to see deep strategic future value in their investment in TMG Holding, driven by the continued success of its pioneering real estate and tourism investment projects, which continue to deliver outstanding financial and operational results.
TMG Holding: EGP9.53 as of 7 Nov. 2019, Rating: Buy, TP: EGP18.00/share, MCap: USD1,217mn, TMGH EY/TMGH.CA
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