---
title: "ZAWYA: Ascom nears $13.6mln Ostool buy from Raya with 30% premium"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/288676371.md"
description: "Egypt's Ascom, mining arm of Qalaa Holding, approved a $13.6 million acquisition of a 90% stake in logistics provider Ostool from Raya Holding. The deal values Ostool at EGP 712 million, with an offer price of EGP 8.22 per share, representing a 30% premium over the advisor's valuation. The transaction is pending shareholder and regulatory approvals."
datetime: "2026-06-04T06:40:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/288676371.md)
  - [en](https://longbridge.com/en/news/288676371.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/288676371.md)
---

# ZAWYA: Ascom nears $13.6mln Ostool buy from Raya with 30% premium

**Staff Writer**

Egypt’s Ascom, the mining arm of Qalaa Holding, has approved a fair value study for its EGP 641 million ($13.6mln) acquisition of a 90% stake in fleet and logistics provider Ostool from EGX-listed Raya Holding, implying an equity valuation of EGP 712 million.

The offer of EGP 8.22 per share is about 30% above the EGP 6.3 valuation set by private advisor Fact.

Raya’s share price closed down 0.13% yesterday at EGP 7.47, while Ascom was up 14.1% at EGP 57.1 apiece.

The transaction remains subject to shareholder and regulatory approvals.

(Writing by Ahmad Mousa; editing by Seban Scaria)

Ahmad.mousa@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

### Related Stocks

- [RAYA.US](https://longbridge.com/en/quote/RAYA.US.md)

## Related News & Research

- [Egypt's Fort Capital to invest $250mln in Ain Sokhna food plant](https://longbridge.com/en/news/295389324.md)
- [Basic materials roundup: Market talk](https://longbridge.com/en/news/295524908.md)
- [Mining investor TechMet forms US subsidiary to attract more capital](https://longbridge.com/en/news/295395377.md)
- [314,900 Shares in Avino Silver & Gold Mines Ltd. $ASM Purchased by Renaissance Technologies LLC](https://longbridge.com/en/news/295633723.md)
- [Barrick And Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture](https://longbridge.com/en/news/295388761.md)