UPP Capital Investment (UPP Capital), a subsidiary of Union Properties, has reportedly raised its stake in Palm Hills Development (PHD) from 10.96% to 16.51% through a EGP525.3mn buy-in at an average price of EGP4.1/share from Aabar Investments. (Bloomberg)
Palm Hills: EGP4.35 as of 19 Mar. 2018, Rating: Buy, TP: EGP3.63/share, MCap: USD571mn, PHDC EY/PHDC.CA
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