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Pin to quick picksEdita Food Regs Regulatory News (EFID)

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Edita Signs MOU to Establish a JV in Morocco

11 Dec 2017 07:00

RNS Number : 8911Y
Edita Food Industries S.A.E.
10 December 2017
 

 

 

 

Edita Food Industries Enters Memorandum of Understanding With Dislog Group for Establishment of Joint Venture in the Kingdom of Morocco

Cairo, December 10, 2017

Edita Food Industries has entered into a memorandum of understanding (MoU) with Morocco's Dislog Group for establishment of "Edita Food Industries - Morocco", for manufacture and distribution of Edita's products in Morocco.

It is agreed that Edita will hold a majority stake of 51% in the joint venture with Dislog Group, which is a leading private distribution company of main FMCGs in Morocco, with an estimated initial investment of around USD $10,000,000.

This MoU reinforces Edita's regional expansion strategy and further consolidates its position as a leading company in the packaged snack food market.

 

-Ends-

Contacts

Ms. Menna Shams El Din

Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 |  menna.shamseldin@edita.com.eg

This information is provided by RNS
The company news service from the London Stock Exchange
 
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JVEOKKDKNBDDQBD
Date   Source Headline
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16th May 20227:00 amRNSEdita's Results - 1Q2022
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13th Apr 20224:04 pmRNSOGM Summary of Resolution
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11th Apr 20227:00 amRNSMinistry Visit
4th Apr 20222:43 pmRNSEdita Morocco Inauguration
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21st Mar 202212:20 pmRNSEGM invitation
21st Mar 202212:07 pmRNSOGM invitation
14th Mar 20223:23 pmRNSEdita's Results- FY2021

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