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Block Trade Deal: Eastern Company - EAST

Eastern Company (EAST) witnessed a Block Trade execution today, involving a volume of 669 million shares. The total value of this transaction amounted to EGP 16.4 billion, according to an announcement from the Egyptian Exchange (EGX).

The 669 million shares represent a 30% stake in EAST.



It's reported by various reputable news sources such as Asharq Bloomberg and Amwal Alghad, that the execution is potentially linked to Global Investment Holding, a UAE-based company that had previously entered into an agreement with the Egyptian government to acquire a 30% ownership in Eastern Tobacco (EAST) for USD 625 million. However, it is important to note that neither EAST nor the EGX has officially confirmed or announced these details at this time.


EAST share trades on EGP 27.80/share as of 11:53 CLT 16/11/2023 session with total volume of 956138 shares



The following data are presented in cooperation with investing.com-Pro edition the usage of this data is limited to EGVEST as Investing.com reserves the rights.



As per Investing.com-Pro edition's fair value estimates for EAST: Investing 11 Models Average: EGP 37.44/share, Below attached the models








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