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26-Oct-2016

Edita’s seized sugar stock to be released             

The government has reportedly ordered the release of seized sugar supplies at Edita Food Industries’ (EFID.CA) Beni Suef plant after the company provided the government with documents to show it was not hoarding sugar. (Bloomberg)   Edita Food Industries: EGP8.25 as of 25 October 2016, Rating: Neutral, FV: EGP11.80 per share, MCap: USD674mn, EFID EY / EFID.CA  

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