Fantastic deep dive into what's basically wealth extraction disguised as corporate reorg. The liquidity trap angle is brutal when minority shareholders get forced into ADX/EGX where brokers won't even let you trade. Seen this kinda structureing in a few crossborder deals and the illiquidity premium always gets ignored untilits too late. Norbury's Ondernemingskamer threat might actually work given Dutch courts have been pretty aggresive on related-party fairness.
Great idea. Thank you. Today, my charity donation going here: https://www.daffy.org/chrisdemuthjr/invite?donationId=107825
Fantastic deep dive into what's basically wealth extraction disguised as corporate reorg. The liquidity trap angle is brutal when minority shareholders get forced into ADX/EGX where brokers won't even let you trade. Seen this kinda structureing in a few crossborder deals and the illiquidity premium always gets ignored untilits too late. Norbury's Ondernemingskamer threat might actually work given Dutch courts have been pretty aggresive on related-party fairness.
"Orascom’s trading volume on ADX is also approximately 100,000 shares per day."
What is your source for that? Aren't you confusing the Cairo listing with the ADX listing? Volume on the ADX is much, much lower, e.g.: https://www.investing.com/equities/orascom-construction-historical-data .
Corrected and thanks for catching that.
Yes that was a typo. I meant to write per week.