Edita’s (EFID) potential acquisition of Egyptian Belgian Company (EBC) entire assets has been suspended after both sides failed to agree on a valuation.
Backstory EBC, which owns the brand name “Ole”, received a non-binding letter of intent from Edita last November regarding the acquisition of EBC’s assets, including real estate, land plots, machinery & equipment, & production lines.
Why is this Important The acquisition of EBC was going to be significant for Edita, & would’ve noticeably increased the production capacity of Edita’s baked goods line.
