Edita Food Industries (EFID) is in the process of acquiring the assets of the Egyptian Belgian Company (EBC), a manufacturer of baked goods under the brand name “Ole”.
More details🧐 The potential acquisition includes all of EBC’s assets, ranging from real estate holdings to machinery, equipment, & production lines.
Why is this important🤔 The acquisition is pending a due diligence examination on EBC, which should be finalized on or before 15 December 2021. Provided the due diligence investigation is satisfactory for Edita, an initial draft of the sale & purchase agreement will be prepared on or before 15 January 2022.
