Orascom Development Holding (ODH)’s voluntary delisting of all its Egyptian Depository Receipts on the EGX are not subject to Swiss takeover law, the Swiss Takeover Board ruled, according to ODH. ODH’s board had approved a voluntary delisting of its EDRs and the execution is pending the approval of an EGM. ODH also said it also is currently undertaking the necessary procedures with the regulatory bodies in Egypt in connection with the voluntary delisting.

Meanwhile, Orascom Construction has announced that it will complete its capital reduction in 30 days at most, after officially filing paperwork that it has completed its 1 mn share buyback, Al Borsa reports.

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