Universal Companies: Egypt - Pioneers to offer to buy Universal Co for Packaging

Egypt's Pioneers (PIOH) will offer to buy 100 percent of its subsidiary Universal Co for Packaging Materials and Paper unip for 7.5 pounds per share on Sunday, a Pioneers official told Reuters. "We will submit today an offer to buy 100 percent of Universal Co at the price of 7.5 pounds per share," he said. [...]