Cairo – Mubasher: Nemow for Consulting Co has reduced its stake in Arab Dairy Products Co. (Panda) to 2.96% from 4.08% for a total value of EGP 7.62 million.
Nemow sold 3.25 million of its shares in Arab Diary at an average price of EGP 2.34 per share, according to a bourse disclosure on Monday.
Pioneers Securities acted as a broker in the transaction.
During the first half (H1) of 2022, Arab Dairy reported net profits of EGP 20.15 million, up from EGP 1.49 million in H1-21, including minority shareholders’ rights.
