Global Telecom Holding (GTHE) is the fifth largest heavyweight in the EGX 30 index with a 5.9% weight. The pertinent question in the market is what it would mean for the rest of the EGX 30 index constituents, should the long-awaited mandatory tender offer by GTHE’s main shareholder VEON Ltd. (VEON: NASDAQ) hold out. In Today’s Story, we try to answer this question in view of the EGX 30’s index rules.
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