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An offer from British glass maker Pilkington Plc for a majority stake in the Egyptian Glass Co fell through after only 1.4 percent of shareholders agreed to sell, the stock exchange said on Monday.

A unit of British glass maker Pilkington Plc has offered to buy a majority share in the Egyptian Glass Co in a deal worth up to $33 million, Egypt's stock exchange said on Thursday.

Afriglass chairman Alex Barrell said there was nothing strange about him and four other directors selling 1,5-million of their company's shares.