ArabFinance: Food Industries Holding has purchased 112,649 shares in East Delta Flour Mills (EDFM) in a transaction valued at EGP 9.57 million, equivalent to EGP 85 per share, according to a statement filed to the Egyptian Exchange (EGX).

Accordingly, Food Industries’ stake in East Delta Flour Mills rose to 27.37% from 25.5%.

East Delta Flour Mills is an Egypt-based company engaged in the manufacture, processing, warehousing, packaging, import, export, and distribution of different types of grains, grain derivatives, and substitutes. The company also produces such products as bread and pasta.