Edita Food Industries, the Egyptian snack maker, is to float on the country’s stock market.

The Egyptian Stock Exchange yesterday (26 November) confirmed the listing of Edita, which owns brands including Todo cakes and Freska chocolate.

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Speculation Edita would launch an IPO first emerged in May.

UK-based private-equity firm Actis owns a 30% stake in Edita, which it acquired in June last year for US$102m.

It is unclear how much of Edita will be floated in Cairo.

Officials at Edita and Actis could not be reached for immediate comment.

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