Cairo – Mubasher: Africa Samba B.V. has sold its entire stake in Edita Food Industries, according to a bourse statement issued on Sunday.
The company, which owns 7.5% of Edita’s capital, executed a sale deal of about 26.49 million shares with a total value of EGP 438.3 million or EGP 16.5 per share.
Africa Samba is an indirect subsidiary of funds managed by pan-emerging markets private equity firm Actis.
Edita’s capital stands at EGP 145.07 million distributed on 725.4 million shares, with a nominal value of EGP 0.20 per share.
At the stock level, Edita closed Sunday’s session 0.41% lower at EGP 17.01.
