Healthy eyes IPO: Dairy and juice manufacturer Healthy Group is looking into making its EGX debut through an IPO in the coming period as it looks to raise fresh funds to finance its expansion plans, CEO Kirellos Refaat (LinkedIn) told EnterpriseAM yesterday. The exact size of the stake to be offered will be determined once the company completes its studies.

About Healthy Group: Founded in 1981, Healthy owns a long list of brands producing dairy, cheese, juice, and livestock.

A Gulf investor wants in on Healthy: An undisclosed Gulf investor, who holds stakes in food companies outside Egypt, has expressed interest in investing in Healthy, Refaat told us, adding that negotiations are still ongoing regarding the matter. “None of the shareholders are looking to exit their stakes at the moment,” he said.

Fresh investments will be most welcome, with the company currently looking to expand its product offering, its market share, and its footprint. Healthy Group aims to invest EGP 50 bn over the next two years, Refaat said — how the funds will be secured is yet to be decided.

What’s next for Healthy? The group seeks to set up the largest food industries complex in the Middle East and the largest livestock production farms by 2028, Refaat told us.

Also part of the plan: The group aims to have exports make up 40% of output over the coming period, he said, adding that expanding its export base is part of the plan, with an eye on more European markets. The group currently exports its products to the Netherlands, Italy, Cyprus, Bahrain, Palestine, Oman, and the UAE. Its expansion across Europe will be through establishing a physical presence and then eventually through its own packaging plant.

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