UK-based fund expands reduces ownership in Edita to 22%

Kingsway Capital has sold 2.5% of its stake in Edita in an EGP 166.5 mn transaction, according to a regulatory filing (pdf). The sale brought down the UK investment’s total holdings in the high-profile snack food maker to 22% from 24.5%, a source from Edita told us. Kingsway is still committed to Edita long-term, despite selling down its stake, the source said, noting that Kingsway’s stake includes GDRs listed on the London Stock Exchange.