Edita, described as a leader in the Egyptian snack food market, has agreed to acquire a 49% staked in Tuama Jabur Abbas, a fellow snack food firm based in Iraq, for a total of $8 million USD. The partnership will establish Edita Iraq and also see Edita acquire two production lines for cakes, as well as one for biscuits. Edita said it aimed to leverage its established brand equity through exports, including …