Baker & McKenzie has advised new client Edita Food Industries S.A.E., one of the Middle East's leading snack food companies, on its E£2bn ($263m) initial public offering.

The shares are listed on the Egyptian Exchange and the Global Depositary Receipts (GDRs) are listed on the London Stock Exchange.

Edita was established in 1996. The company is well known for brands like Molto, TODO, Bake Rolz, Bake Stix, Mimix, HoHo's, Twinkies and Tiger Tail.

The Baker & McKenzie team was led by Edward Bibko, EMEA head of capital markets. In Cairo the lead partner was Hatem Soliman.

"The deal is important because it reflects the return of corporate Egypt to international capital markets, a milestone for the country as well as the company itself," said Mr. Bibko. "We were delighted to assist the company on its cross-border offering."

The joint global arrangers and bookrunners for the IPO were Goldman Sachs and EFG Hermes.