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Friday, January 24, 2025 20:32 GMT
Edita Food Industries, an Egyptian snack food producer, has announced its entry into the Iraqi market through a strategic partnership with Baghdad-based Tuama Jebur Abbas (TJA). The move marks a significant milestone in Edita's regional expansion strategy as the company acquires a 49-percent stake in TJA, a family-run snack manufacturer, for US$8 million via a capital increase. Under the agreement, Edita will establish its first local production facility in Iraq, signaling a shift from an...More