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Egypt’s GB Auto to buy treasury shares-bourse

The firm plans to purchase 6.437 million shares, the bourse said.


February 14, 2011 3:59 by

GB Auto , Egypt’s biggest listed automobile assembler, will buy back treasury shares between Feb. 13 and March 13, the stock exchange said on Monday.

The firm plans to purchase 6.437 million shares, the bourse said.

GB Auto manufactures, assembles, imports and distributes vehicles for Bajaj Auto Ltd , Hyundai Motor Co , Mazda Motor Corp , Mitsubishi Motors Corp  and Volvo AB .

(Reporting by Sherine El Madany’; Editing by Hans Peters)


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