Youssef Allam & Co acquired 47.71% stake in The United Company for Paper and Cardboard SAE from Shorouk for Modern Printing & Packaging Co. (CASE:SMPP) for EGP 35.8 million on July 25, 2013. Under the terms of the acquisition, Youssef agreed to acquire 3.6 million shares at EGP 10 per share.

Youssef Allam & Co completed the acquisition of 47.71% stake in The United Company for Paper and Cardboard SAE from Shorouk for Modern Printing & Packaging Co. (CASE:SMPP) on July 25, 2013.