Egypt: Summu Consulting sells 0.8% stake in Panda

Traders work at the Egyptian Stock Exchange in Cairo. REUTERS/Amr Abdallah Dalsh
Reuters Images/Amr Abdallah Dalsh

The company’s stake in Panda fell to 2.26% from 3.06% after selling 2.322mln shares

Staff Writer, Arab Finance

October 19, 2022

PHOTO
Traders work at the Egyptian Stock Exchange in Cairo. REUTERS/Amr Abdallah Dalsh

Summu Consulting has sold a 0.8% stake in Arab Dairy Products Co. Arab Dairy (Panda) (ADPC) for EGP 4.614 million or EGP 1.987 per share, according to a shareholding disclosure on Tuesday.

As a result, the company’s stake in Panda fell to 2.26% from 3.06% after selling 2.322 million shares.

Panda is an Egypt-based company engaged in the dairy industry. The company exports its products to Middle Eastern countries, such as Lebanon, Jordan, Libya, the United Arab Emirates, Saudi Arabia, Palestine, Bahrain, Oman, and Kuwait.

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