April 17, 2018 / 6:33 PM / 8 months ago

BRIEF-Orascom Development Holding to propose capital reduction of shares from CHF 23.20 to CHF 5.00 Per Share

April 17 (Reuters) - Orascom Development Holding AG :

* ORASCOM DEVELOPMENT HOLDING - BOARD PROPOSES A CAPITAL REDUCTION BY DECREASING PAR VALUE OF COMPANY’S SHARES FROM CHF 23.20 TO CHF 5.00 PER SHARE

* ORASCOM DEVELOPMENT HOLDING- BOARD WILL PROPOSE APPROVAL OF ANNUAL REPORT AND FINANCIAL STATEMENTS FOR FY 2017 AS WELL AS APPROPRIATION OF RESULTS Source text for Eikon: Further company coverage:

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