Cairo – Mubasher:  Univert Food Industries said on Tuesday that the UAE’s Fanan Investment Ltd has exited the Egypt-listed firm after selling its entire 4 million-share stake.

Al Samah Trading Ltd bought a total of 4,001,500 shares from the UAE firm and has thus raised its stake to 15% in Univert, the filing to the Egyptian Stock Exchange (EGX) revealed.

Univert reported a profit of EGP 1.6 million against a loss of EGP 825,800 in 2013. The company’s capital amounts to EGP 80 million divided on 80 million shares at par value EGP 1 per share.