Industrial Engineering Company for Construction and Development acquired 75% stake in Sun Infinite Energy for EGP 11.2 million.
Industrial Engineering Company for Construction and Development (CASE:ENGC) entered into an agreement to acquire 75% stake in Sun Infinite Energy for EGP 11.2 million on December 2, 2019. ICON' shareholders at Ordinary General Meeting approved the acquisition for purchasing up to 80% stake in Sun Infinite Energy.
Industrial Engineering Company for Construction and Development (CASE:ENGC) completed the acquisition of 75% of Sun Infinite Energy on December 2, 2019.