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Egyptian tycoon Hani Berzi loses $11 million on Edita stake
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Egyptian tycoon Hani Berzi loses $11 million on Edita stake
Egyptian businessman Hani Berzi, a prominent figure in the Middle East and North Africa’s consumer products sector, has seen more than $11 million wiped from his stake in Edita Food Industries after a sharp drop in the company’s stock price.Berzi holds more than 308.5 million shares in Edita through Quantum Invest BV, giving him control of 44.07 percent of the company. Over the past 27 trading days, the value of his holding fell by EGP536.84 mil…
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