Shareholder cuts stake in El Nasr Manufacturing Agricultural Crops
Updated 12/9/2021 1:23:07 PM
ArabFinance: El Nasr For Manufacturing Agricultural Crops (ELNA) announced that Emerald for Communication and Information Technology has sold 210,000 shares in the company, according to a shareholding disclosure filed to the Egyptian Exchange (EGX).
Accordingly, the shareholder’s stake in the company fell to 3.57% from 6.24%.
The transaction has been executed at a total value of EGP 4.937 million, equivalent to an average price of EGP 23.51 per share.
El Nasr for Manufacturing is an Egypt-based public shareholding company that operates in the food processing sector. It is primarily engaged in the dehydration, distribution, and export of agricultural crops, including onions and other vegetables.
The company is also engaged in the manufacture and export of dehydrating equipment and machinery.
