Berco sells stake in Edita to Quantum for EGP 4.3bn

Cairo – Mubasher: Edita Food Industries said Wednesday that Berco Limited has reduced its stake in the company from 41.8% to 8.8% after selling 239.3 million shares to Quantum Investment BV for EGP 4.3 billion.

Edita said Wednesday that the transaction was executed during Wednesday’s trading, according to a statement to the bourse.

Thus, Quantum Investment’s ownership in Edita rose to 33%.

Mubasher Contribution Time: 03-May-2017 09:33 (GMT)
Mubasher Last Update Time: 03-May-2017 09:44 (GMT)