Cairo – Mubasher: Quantum Investment B.V. raised its 44.07% stake in Edita Food Industries to 45.01% at a value of EGP 184.14 million.
Quantum Investment purchased 6.63 million shares in the EGX-listed firm at an average price of EGP 27.75 per share, according to a recent bourse filing.
EFG Hermes International Securities Brokerage was the broker for the transaction that was executed on 10 September 2024.
In the first half (H1) of 2024, Edita logged higher consolidated net profits at EGP 856.28 million, compared to EGP 809.79 million in H1-23.
As of 31 March 2024, the consolidated net profits after tax jumped by 25.70% year-on-year (YoY) to EGP 502.79 million from EGP 399.92 million.
