{"id":648652,"date":"2017-04-09T04:01:23","date_gmt":"2017-04-09T04:01:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/"},"modified":"2017-04-09T04:01:23","modified_gmt":"2017-04-09T04:01:23","slug":"actis-reportedly-completes-sale-of-remaining-stake-in-edita","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/","title":{"rendered":"Actis reportedly completes sale of remaining stake in Edita"},"content":{"rendered":"

<\/a> Private equity firm Actis has reportedly completed its exit from Edita Food Industries<\/strong>, selling the last of what the newspaper says was an 8% holdings in a transaction worth EGP 897.6 mn last Thursday, Al Borsa<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648652","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"045cad26-c820-470a-8db1-d8d7062a1f9e","order":"0","is_powered_by":true,"section_story_id":"c46d8561-a027-4f8b-98b9-bf5be6aa2f26","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648638],"teaser":"","voice_url":""},"yoast_head":"\nActis reportedly completes sale of remaining stake in Edita - 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\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Actis reportedly completes sale of remaining stake in Edita\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-09T04:01:23+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\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Actis reportedly completes sale of remaining stake in Edita\",\"datePublished\":\"2017-04-09T04:01:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/09\/actis-reportedly-completes-sale-of-remaining-stake-in-edita\/\",\"name\":\"Actis reportedly completes sale of remaining stake in Edita - 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The vote is not the final step in handing over the funds, which remains contingent on a\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602876,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/09\/edita-to-launch-new-bonbon-candy\/","url_meta":{"origin":648652,"position":3},"title":"Edita to launch new BonBon candy","author":"enterpriseam admin","date":"9 April 2019","format":false,"excerpt":"Snackfoods giant Edita is launching a line of juice-filled stick candies under the BonBon brand in strawberry, orange, and apple flavors, according to an emailed statement (pdf). The introductory SKUS will be priced at at EGP 2 per package. The candies will be produced at the EGP 62 mn E15\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642999,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/28\/intro-group-reportedly-acquires-50-of-tbs\/","url_meta":{"origin":648652,"position":4},"title":"Intro Group reportedly acquires 50% of TBS","author":"enterpriseam admin","date":"28 August 2017","format":false,"excerpt":"M&A WATCH- The Abbas family\u2019s Intro Group has reportedly bought 50% of the company that owns bakery TBS and the Four Fat Ladies chain, among other brands, by acquiring a stake held by HM Partners, Al Mal reports, citing unnamed sources. Al Mal\u2019s sources say TBS\u2019 capital is \u201cvalued at\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550341,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/24\/uae-investor-snaps-up-3-of-edita\/","url_meta":{"origin":648652,"position":5},"title":"UAE investor snaps up 3% of Edita","author":"enterpriseam admin","date":"24 October 2022","format":false,"excerpt":"Emirati investment firm Rimco Investments acquired a 3.0% stake in Edita for EGP 192 mn in a transaction Thursday, Bloomberg Asharq reports, citing unnamed market participants. The Dubai-based company reportedly purchased 20 mn shares at EGP 9.60 per share. 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