M.M. Group for Industry and International Trade, S.A.E. (CASE:MTIE) acquired an additional 6.3% stake in Qanawat For Trade and Distribution SAE for EGP 18.6 million on February 17, 2019. M.M. Group will acquire this stake in addition to its already existing stake of 62.7% in Qanawat. At closing, M.M. Group for Industry and International Trade will hold 69% stake in Qanawat For Trade and Distribution. M.M. Group for Industry and International Trade, S.A.E. (CASE:MTIE) completed the acquisition of an additional 6.3% stake in Qanawat For Trade and Distribution SAE on February 17, 2019.