Barakat, Maher & Partners, In Association With Clyde & Co, Advised Edita Food Industries On Delisting Of GDRs From The London Stock Exchange

Barakat, Maher & Partners, in association with Clyde & Co, advised Edita Food Industries on delisting of GDRs from the London Stock Exchange

Barakat, Maher & Partners, in association with Clyde & Co, advised Edita Food Industries SAE on the delisting of its Global Depository Receipts (GDRs) from the London Stock Exchange and the subsequent conversion of the GDRs into local shares listed on the Egyptian Stock Exchange.

The transaction involved coordinated execution across two jurisdictions and two stock exchanges—the London Stock Exchange and the Egyptian Stock Exchange—and required close collaboration with the Bank of New York Mellon, acting as the depository bank. The firms worked closely with Edita Food Industries’ in-house legal team, led by Lobna Khater, Chief Legal Officer and Government Affairs, whose strategic inputs played a key role in the timely completion of the delisting process.

The mandate was executed through the joint efforts of the Cairo and UK offices, reflecting the firms’ integrated cross-border capabilities in capital markets and their ability to handle complex multi-jurisdictional transactions efficiently.

The Clyde & Co transaction was led by Mostafa Elsakaa (Partner and Head of Capital Market, Cairo) and Andrew Chadwick (Legal Director – M&A and Corporate Finance, London), with support from Mohamed ElHossamy (Associate).

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