Edita stops production at candy plant after government seizes sugar stocks
Edita Food Industries (EFID.CA) has reportedly stopped production on some lines at its Beni Suef candy plant for four days after the government confiscated a three-week supply of sugar (c2,000 tonnes), said Edita’s Chairman. He further added that Edita’s sugar has been purchased legally through a certified long-term supplier. (Reuters, Enterprise) Edita Food Industries: EGP8.04 as of 23 October 2016, Rating: Neutral, FV: EGP11.80 per share, MCap: USD657mn, EFID EY / EFID.CA
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