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Edita launches Twinkies Zig Zag, coffee-flavored HoHos
Edita Industries has expanded its cake segment with the launch of Twinkies Zig Zag and coffee-flavored HoHos with a retail…
HC Securities and Investment to make USD 25 mn direct acquisition in 1H2020
M&A WATCH- HC Securities and Investment will acquire an undisclosed stake in an unnamed service company for USD 25 mn…
Juhayna profits fall 19% in 2019
EARNINGS WATCH- Juhayna profits fall 19% in 2019: Juhayna Food Industries’ profits fell 19% last year despite the company seeing…
Egypt’s Prime’s Group to set up 40 branded restaurants by 2023
Prime Hospitality is planning to open some 40 branches of different restaurant chains it owns over three years at a…
Americana approves Cairo 3A bid to acquire its stake in Egyptian Starch and Glucose
M&A WATCH- Starch and Glucose Company shareholders approve Cairo 3A acquisition bid: The Egyptian International Tourism Projects Company (Americana Egypt)…
Lorenz Snack-World looking to expand in Egypt, launch more products
German snack company Lorenz Snack-World is seeking to expand its presence in Egypt and has applied for a 10k sqm…
Raya received 12 bids for non-controlling stake in Aman Holding
M&A WATCH- A total of 12 domestic and international investors are looking to acquire a minority stake in Raya subsidiary…
Walid El Saadany leaves Otlob
MOVES- Walid El Saadany leaves Otlob: Online food delivery company Otlob has appointed Sofiène Marzouki (LinkedIn) as interim CEO after…
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