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Thndr Claps » EGY Claps » Food & Beverage 🍕 » UAE investment firm acquires 3% stake in Edita🥐

UAE investment firm acquires 3% stake in Edita🥐

by Shams Abbas
October 20, 2022

The Clap
UAE investment firm RIMCO Investments reportedly acquired a 3% stake in Edita (EFID).

Deets
The deal was executed at EGP 9.6/share for some 20 million shares, where Kingsway Capital reportedly was the seller.

Why this matters
Acquisition offers & significant stake purchases have been common recently for EGX-listed companies, as their prices reached low levels.

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