Egypt’s Edita eyes USD262m initial offer

02 Mar 2015

(MENAFN) Egyptian food maker Edita is considering an initial offering of about USD262 million the Cairo bourse, Reuters reported.

According to sources, trading is forecast to start at the beginning of April. The company is set to put 30 of its ordinary shares on the Egyptian stock market.

The offer includes a secondary public offering as a part of a combined offer, in which a global depositary receipts (GDRs) are listen in London.

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