Cook’s shareholder appoint Arqaam to advise on sale

M&A WATCH- The main shareholders in food products producer Cook's Industries have appointed Arqaam Capital to advise on the sale of their stake in the company, sources told Al Mal. Cook’s, founded in Cairo in 1954, is owned by the heirs of founder Agamemnon Paraskevas. Al Mal says Arqaam is shopping Cook’s to GCC investors, with current shareholders looking to cash in on increased interest in the sector and export potential following the EGP devaluation.