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Amer Group to split into two to max out growth, liquidity

Published Mon, Nov 24, 2014 · 09:50 PM
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Cairo

EGYPTIAN real estate company Amer Group plans to split into two companies in an attempt to create more opportunities for its development business and to boost trading in its shares.

The company, which owns hotels, restaurants and shopping malls, said it would be divided into a development business called Amer Holding Group and a smaller company named Porto Holding.

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