Cairo – Kingsway Fund - Frontier Consumer Franchises EXTOBA has reduced its stake in Edita Food Industries to 15.22% to 17.7%.
The fund sold 18 million shares for a value of EGP 166.5 million or EGP 9.25 per share, Edita said in a bourse disclosure on Sunday.
During the first nine months of 2020, Edita Food Industries recorded net profits of EGP 214.53 million, down from EGP 285.23 million in the year-ago period, including minority shareholders.
Source: Mubasher
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