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Sunday, 9 April 2017

Actis reportedly completes sale of remaining stake in Edita

Private equity firm Actis has reportedly completed its exit from Edita Food Industries, selling the last of what the newspaper says was an 8% holdings in a transaction worth EGP 897.6 mn last Thursday, Al Borsa reported on Thursday. The newspaper is reporting that the full stake was placed with international institutional investors. The emerging markets private equity specialist had bought a 30% stake in Edita back in 2013 for EGP 700 mn and had been selling off portions of its stake since the Edita IPO in 2015, according to the newspaper.

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