Cairo - Mubasher: Edita Food Industries announced that it has signed a memorandum of understanding (MoU) with Dislog Group to create a subsidiary in Morocco market with an initial investment of $10 million.

Edita will own 51% of the new joint venture company, according to a statement issued on Sunday.

The company will work on distributing the products of the Egyptian manufacturer in the Moroccan market, as per the statement.