EGX Suspends Trading For Mobinil On FT’s 15% Stake Transfer News

The Egyptian Exchange administration decided on Sunday to suspend trading for the Egyptian Company for Mobile Services – Mobinil – (EMOB.CA)’s stock till the firm responds to the EGX inquiries about reports published in a newspaper regarding France Telecom(FT)’s statements of its intention to transfer 15% stake of Mobinil for Egyptian investors.
The newspaper quoted Stephane Richard, France Telecom-Orange Chief Executive, as saying FT intends to transfer 15% stake of Mobinil for Egyptian investors.