Naad for Investment cuts stake in Egypco to 14.62%

Updated 8/25/2021 2:50:49 PM

ArabFinance: Naad for Investment and Development has sold 750,000 shares in cut its stake in Egypt for Poultry (Egypco) (EPCO) for EGP 4.93 million, equivalent to EGP 6.58 per share, according to a filing to the Egyptian Exchange (EGX).

Accordingly, Naad for Investment has cut its stake in Egypco to 14.62% from 16.38%, the filing added.

Moreover, the shares’ sale transaction has been implemented by AF Securities.

Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.