Speed Round

Nestlé pays EGP 364.88 mn for Caravan

by enterpriseam adminEgypt Edition19 February 2017

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M&A Watch- Nestlé SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn to complete the transaction, according to Al Borsa. Nestlé had announced it is acquiring Caravan, the owner of the Bonjorno instant coffee brand, in January. Reports at the time valued the transaction at EGP 400-500 mn.

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