Egypt: Edita targets $25.9mln investments in 2023

On May 30th, Edita acquired 100% of the frozen bakery producer Fancy Foods

Staff Writer, Arab Finance

June 18, 2023

PHOTO

Edita is planning to invest EGP 800 million this year, according to a filing to the Egyptian Exchange (EGX) on June 18th.

It is also planning to raise the capital of the recently acquired Fancy Foods by around EGP 400 million.

On May 30th, Edita acquired 100% of the frozen bakery producer Fancy Foods with an enterprise value of EGP 380 million.

Founded in 1996, Edita is an Egypt-based leader in the packaged snack food market. It manufactures, markets, and distributes a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO