37
Edita Food Industries announced the initiation of arbitration procedures against Chipita at the Cairo Regional Centre for International Commercial Arbitration (CRCICA).
The dispute is related to the termination of a manufacturing and services contract signed on 29 April 2011 and amended on 15 May 2013, the company said in a bourse disclosure on Tuesday.
During the first six months of 2020, Edita achieved net profits of 93.78 million Egyptian pounds, down from 167.8 million pounds in the corresponding period a year earlier.
