Edita Food Industries Company (S.A.E) (CASE:EFID) agreed to acquire Fancy Foods S.A.E. for EGP 380 million on May 29, 2023. The board of Edita Food Industries Company has unanimously approved the deal on May 29, 2023. The transaction is subject to approval of General Authority for Investment and Free Zones, the Financial Regulatory Authority and the Egyptian Stock Exchange.

Edita Food Industries Company (S.A.E) (CASE:EFID) completed the acquisition of Fancy Foods S.A.E. for approximately EGP 260 million in May 2023. Fancy Foods has recently been rebranded to Edita Frozen Bakery.