11th Dec 2017 07:00
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.
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Contacts
Ms. Menna Shams El Din
Investor Relations and Business Development DirectorT: +202 3851 6464 | M: +20 100 1542428 | [email protected]
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