Global Telecom Holding (GTH) has completed its delisting from the EGX by buying all of its EGX-listed shares (32.9 mn) for a total of EGP 176.4 mn or EGP 5.08 per share, the Egyptian Exchange said, according to Dostor. Majority shareholder Veon bought 1.99 bn shares of GTH for EGP 9.7 bn in a mandatory offer (MTO) in August, bringing up its ownership to 98%.
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