Paradigm Logistics Limited Co. agreed to acquire 62.3% stake in Ostool Shipping Company from Raya Holding Company for Financial Investments (S.A.E) (CASE:RAYA) for approximately EGP 270 million on April 21, 2021. Under the terms, Paradigm Logistics will acquire shares at EGP 4.94 per share.

The transaction is approved by the board of Raya Holding Company.