REG - Edita Food Ind SAE - Announcement of Rescinding the Non-binding LOI

Edita Food Industries SAEAnnouncement

04/01/2022 07:01

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RNS Number : 2446X  Edita Food Industries S.A.E.  03 January 2022

 

Edita Food Industries - Announcement of Rescinding the Non-binding Letter of
Intent entered into by and between Egyptian Belgian Company for Industrial
Investments S.A.E. and Edita Food Industries S.A.E.

3 January 2022

 

 

 

With reference to the previous disclosure sent on 21 November 2021 made by
Edita Food Industries S.A.E. 2021(" Referred herein after as Edita Company,")
related to the signing of the Non-binding Letter of Intent that it entered
into with the Egyptian Belgian Company for Industrial Investments S.A.E, which
is the manufacturer of the brand "Ole", a manufacturer of croissant, cakes. ("
Referred herein after as the Egyptian Belgian Company ") regarding the
acquisition by Edita or any of its designated affiliates or subsidiaries to
assets owned by the Egyptian Belgian Company; and Edita Company wishes to
announce that no satisfactory agreement has been reached, and therefore
negotiations on such transaction have been suspended.

 

 

-Ends

 

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development Senior Director

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

 

 

 

 

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