image description
image description

Archives


  • 18-10-11

    Savola acquires 78% stake in two Egyptian firms

    (MENAFN) Saudi-based Savola Group unveiled an agreement to buy a 78 percent stake in two Egyptian firms for a total of USD98 million, reported Arabian Business. The company said the acquisition of the stakes in Egypt's Al-Malika and Al-Farasha firms will be self-financed. The two companies are specialized in manufacturing and marketing pasta inside and outside Egypt and have two factories in Egypt with yearly output capacity of 120,000 tons and a 30 percent market share, according to Savola. It is worth mentioning that Savola owns 29.9 stake in Almarai Co, the Middle East's largest dairy firm by market value.

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved