Orascom Construction : Announces Closing of Equipment Distribution and Services Acquisition in Egypt
January 25, 2022 at 12:57 am
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Orascom Construction Announces Closing of Equipment Distribution and Services Acquisition in Egypt
25 January, 2022
Orascom Construction PLC (NASDAQ Dubai: OC; EGX: ORAS) announces that the acquisition of a leading equipment importation, distribution and services business in Egypt has now closed.
Following this final step, ownership has been transferred to Orascom Construction PLC.
Shareholders of Orascom Construction PLC approved this acquisition at an Extraordinary General Meeting held on 27 December 2021.
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Orascom Construction Ltd. published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 05:56:05 UTC.
Orascom Construction PLC, formerly Orascom Construction Ltd, is a United Arab Emirates-based engineering and construction contractor. The Company is primarily focused on infrastructure, industrial and high-end commercial projects in the United States, the Middle East, Africa and Central Asia for public and private clients. The Company operates under the following brands: Orascom, Contrack and The Weitz Company. The Companyâs projects cover civil buildings, heavy industries, manufacturing, petrochemicals, federal infrastructure, power generation, social infrastructure, transport, water and wastewater, design build, as well as operations and maintenance.