Edita Food Industries’ (EFID.CA) signed a contract to purchase 12,878 sqm of land in Sixth of October City’s Polaris Al-Zamil Industrial Park at a total cost of EGP19mn. The new land will be utilised to produce a premix formula, which will be supplied to the company’s factories aiming to protect the knowhow confidentiality of Edita’s products, as well as to enhance the company’s efficiency and the standardisation of input blends. The investment cost of the new land will be paid in three equal installments over a period of six months starting from 3 August 2016. (Company disclosure)   Edita Food Industries: EGP13.94 as of 4 August, Rating: Neutral, FV: EGP16.50/share, MCap: USD1,139mn, EFID EY / EFID.CA