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ESE Gains LE 4.2 Billion

Source: www.export-egypt.com  4/24/2012, Location: Africa

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Egyptian Stock Exchange ESE (ESE) jumped on April, 23 2012 after the regulator approved France Telecom's offer for the acquisition of MobiNil. The ESE gained LE 4.2 billion after the Egyptian Financial Supervisory Authority said France Telecom could bid for 100 per cent of the issued capital of the Egyptian Company for Mobile Services shares at LE 20.2 billion. The benchmark EGX 30 index was up 2.48 per cent to 4948.78 points.

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