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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…
food and beverage
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food and beverage
Unnamed PE fund close to buying out Egypt’s Cook Door
M&A WATCH- Unnamed PE fund close to buying out Cook Door: An unnamed foreign private equity fund is in the…
Denmark’s Orana to expand its business in Egypt
Danish fruit concentrate manufacturer Orana is planning to expand its business in Egypt, according to Jeppe Søndergaard Pedersen, a public…
Mansour Group to set up food and beverage JV with Egypt’s TBS
INVESTMENT WATCH- Mansour Group to set up food and beverage JV with TBS: Mansour Group is in talks with TBS…
UBF to establish EGP 40 mn factory to produce for Cinnabon
The United Beverage and Food Company (UBF), Cinnabon’s local agent, is planning to set up a EGP 40 mn factory…
Coca-Cola Egypt is planning to invest USD 500 mn over three years
INVESTMENT WATCH- Coca-Cola Egypt is planning to invest USD 500 mn over the next three years, General Manager Ahmed Rady…
Earnings watch: Elsewedy Electric, Oriental Weavers, Domty
EARNINGS WATCH- Elsewedy Electric’s net profit dropped 22.2% to EGP 2.7 bn in 9M2019, down from EGP 3.5 bn during…
Nestlé to invest EGP 600 mn to set up new mineral water factory in Egypt
INVESTMENT WATCH- Nestlé will invest EGP 600 mn in three years to set up a new bottled water factory, and…
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