Egyptian International Pharmaceutical Industries Company (CASE:PHAR) agreed to acquire 9.8% stake of Medical Union Pharmaceuticals Company from Egy Lease on June 26, 2019. In the transaction, Egyptian International Pharmaceutical Industries will acquire 4.78 million shares of Medical Union Pharmaceuticals Company. The transaction is subject to approval by the Financial Regulatory Authority. Board of Directors of Egyptian International Pharmaceutical Industries approved the transaction. Egyptian International Pharmaceutical Industries Company (CASE:PHAR) completed the acquisition of 9.8% stake of Medical Union Pharmaceuticals Company from Egy Lease approximately EGP 210 million on December 22, 2019. Egyptian International Pharmaceutical Industries Company acquired 4.78 million shares at EGP 44 per share. Egyptian International Pharmaceutical Industries Company ratified proceeding into getting FRA approval for the acquisition.