REG - Edita Food Ind SAE - Additional Cake's line

Edita Food Industries SAEAnnouncement

13/09/2022 10:00

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RNS Number : 2708Z  Edita Food Industries S.A.E.  13 September 2022

Edita Food Industries - Finalizing a deal to acquire an additional cakes line

Cairo, 13 September, 2022

Edita Food Industries SAE ("the Company") announces that the company is in the
final stage to acquire a used cakes production line from a company that
stopped operations in the last recent years. The production line's  value is
around EGP 20 million.

The additional cake line will increase the company's total capacity to meet
the consumer's growing demand; given that the company is currently operating
at high utilization rates in this segment. It is also in line with the
company's strategy to expand its capacities especially in its core segments.

Its worth noting that we are in the final stage of legal procedures to acquire
the asset.

 

Contacts

Ms. Menna Shams El Din

Head of Investor Relations and Corporate Affairs

T: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg
(mailto:%20menna.shamseldin@edita.com.eg)

 

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