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Orascom Development Holding's withdrawal from the stock exchange has left small shareholders dismayed, as the buyback offer of 5.60 francs per share starkly contrasts with the initial trading price of 152 francs in 2008. Despite owning valuable land, the company's declining operational performance and market interest have led to a significant drop in valuation. Naguib Sawiris, the chairman, insists that the delisting will allow for a more strategic focus without the pressure of quarterly reporting, while some experts argue the fair value of the shares is closer to 30 francs.
Ludwig Loretz
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Orascom Development Holding withdraws from stock exchange impacting small shareholders
Swiss Franc
Orascom Development Holding AG
CHE
EGY
Ludwig Loretz
Samih Sawiris
Beat Schmid
Naguib Sawiris
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05:54 13.01.2025
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