London-based private equity firm Actis has refused to be drawn in over speculation Edita Food Industries, the Egyptian snacks maker which it part owns, is considering an initial public offering.

According to a report carried by Bloomberg citing “four people familiar with the matter” the firm is looking at listing as “equity values rebound”.

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Edita produces the Twinkies cake in Egypt. The IPO may be valued at about US$300m said the wire.

Last June, Actis acquired a 30% stake in Edita, a transaction valued at US$102m.

A spokesperson for Actis told just-food: “Actis’s policy is not to comment on this kind of speculation”.

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