{"id":567977,"date":"2020-12-14T04:03:40","date_gmt":"2020-12-14T04:03:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/"},"modified":"2020-12-14T04:03:40","modified_gmt":"2020-12-14T04:03:40","slug":"uk-based-fund-expands-reduces-ownership-in-edita-to-22","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/","title":{"rendered":"UK-based fund expands reduces ownership in Edita to 22%"},"content":{"rendered":"

Kingsway Capital has sold 2.5% of its stake in Edita in an EGP 166.5 mn <\/strong>transaction<\/strong>, according to a regulatory filing (pdf)<\/a>. The sale brought down the UK investment\u2019s 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\u2019s stake includes GDRs listed on the London Stock Exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10211],"tags":[102,191,72,164,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-567977","post","type-post","status-publish","format-standard","hentry","category-equities","tag-capital-markets","tag-edita","tag-enterpriseam","tag-equities","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"60396fec-b61d-4cc4-ab3c-fe2573e70091","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[567969],"teaser":"","voice_url":""},"yoast_head":"\nUK-based fund expands reduces ownership in Edita to 22% - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK-based fund expands reduces ownership in Edita to 22%\" \/>\n<meta property=\"og:description\" content=\"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\u2019s 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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-14T04:03:40+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"UK-based fund expands reduces ownership in Edita to 22%\",\"datePublished\":\"2020-12-14T04:03:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"capital markets\",\"Edita\",\"EnterpriseAM\",\"equities\",\"investment watch\"],\"articleSection\":[\"EQUITIES\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\",\"name\":\"UK-based fund expands reduces ownership in Edita to 22% - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-12-14T04:03:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK-based fund expands reduces ownership in Edita to 22%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"UK-based fund expands reduces ownership in Edita to 22% - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/14\/uk-based-fund-expands-reduces-ownership-in-edita-to-22\/","og_locale":"en_US","og_type":"article","og_title":"UK-based fund expands reduces ownership in Edita to 22%","og_description":"Kingsway Capital has sold 2.5% of its stake in Edita in an EGP 166.5 mn transaction, according to a regulatory filing (pdf). 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The Dubai-based company reportedly purchased 20 mn shares at EGP 9.60 per share. 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