Business

Egypt’s Edita says public offering 4.5 times oversubscribed

The public tranche of Egyptian foodmaker Edita's secondary share issue on the Cairo bourse was 4.5 times oversubscribed, the company said in a statement on the stock exchange on Tuesday.

The company last week launched a private institutional offering of shares on the Egyptian stock exchange and global depository receipts (GDRs) on the London Stock Exchange.

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