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Juhayna ... Egypt's largest producer of dairy products and
juices

UK firm increases stake in Egypt's Juhayna

CAIRO, August 20, 2015

Aberdeen Asset Management increased its stake in Egyptian food firm Juhayna to 5.08 per cent from 4.38 per cent, the Britain-based fund company said in a statement to the Cairo bourse on Thursday.

Juhayna is Egypt's largest producer of dairy products and juices. Its shares dropped over 7 per cent this week after the company's chairman had his personal assets frozen by the government due to alleged links to the banned Muslim Brotherhood.

Aberdeen, an emerging markets-focused fund manager, said in a statement through HSBC Securities Egypt that it bought 1.407 million stocks for 11.403 million Egyptian pounds ($1.46 million) for an average price of 8.10 pounds per stock. – Reuters




Tags: Asset Management | aberdeen |

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