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Summu Consulting cuts stake in Unipack

Summu Consulting cuts stake in Unipack

ArabFinance: Summu Consulting has cut its stake in Universal for Paper and Packaging Materials (Unipack) (UNIP) to 29.3% from 30.06%, according to a filing to the Egyptian Exchange (EGX).

This comes Summu Consulting has sold 5.85 million shares in Unipack for a total value of EGP 10.59 million, equivalent to an average price of EGP 1.81 per share.

Unipack is an Egypt-based public shareholding company that manufactures self-adhesive products. The company is primarily engaged in the production and sale of paper and packaging materials while marketing its products domestically and internationally.

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