{"id":593618,"date":"2019-10-03T04:04:00","date_gmt":"2019-10-03T04:04:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/"},"modified":"2019-10-03T04:04:00","modified_gmt":"2019-10-03T04:04:00","slug":"arab-dairy-turns-down-buyout-offers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/","title":{"rendered":"Arab Dairy turns down buyout offers"},"content":{"rendered":"

<\/a> M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: <\/b>Cheesemaker Arab Dairy has turned down \u201call the offers\u201d it has received for a buyout, it said in an EGX disclosure (pdf)<\/a>, explaining that they did not match the \u201cstrategic vision\u201d of its management or main shareholders. The company did not disclose any details about the offers, but said it \u201c<\/b>would prefer a strategic consortium with investors instead of completely exiting the company in light of how strong the industry is and its promising future outlook.\u201d Arab Dairy is close to 70%-owned by Pioneers Holding, which had hired CI Capital to advise it on the sale<\/p>\n

Background:<\/b> Arab Dairy said last month<\/a> that Netherlands-based FrieslandCampina had completed due diligence to acquire the company but that negotiations were still ongoing. The Panda cheese producer had given the Dutch company the green light to conduct due diligence to acquire 100% of its shares in June<\/a>. UAE-based Gulf Capital also considered a move, but backtracked in July<\/a>, saying their \u201cstrategy and expansion plans are not in line\u201d with its investment mandate.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: Cheesemaker Arab Dairy has turned down \u201call the offers\u201d it has received for a buyout, it said in an EGX disclosure (pdf), explaining that they did not match the \u201cstrategic vision\u201d of its management or main shareholders. The company did not disclose any details about the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[2812,72,7128,428,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593618","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-arab-dairy","tag-enterpriseam","tag-ma-watch","tag-netherlands","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c9991ff8-fbb9-4b8a-a5dd-d7f23a43aa15","is_powered_by":true,"section_story_id":"c0259657-d7c8-4acf-92ae-7cdcf80435f9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593607],"teaser":"","voice_url":""},"yoast_head":"\nArab Dairy turns down buyout offers - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arab Dairy turns down buyout offers\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: Cheesemaker Arab Dairy has turned down \u201call the offers\u201d it has received for a buyout, it said in an EGX disclosure (pdf), explaining that they did not match the \u201cstrategic vision\u201d of its management or main shareholders. The company did not disclose any details about the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-03T04:04:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Arab Dairy turns down buyout offers\",\"datePublished\":\"2019-10-03T04:04:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\"},\"wordCount\":183,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Arab Dairy\",\"EnterpriseAM\",\"M&A Watch\",\"Netherlands\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\",\"name\":\"Arab Dairy turns down buyout offers - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-10-03T04:04:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arab Dairy turns down buyout offers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Arab Dairy turns down buyout offers - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/03\/arab-dairy-turns-down-buyout-offers\/","og_locale":"en_US","og_type":"article","og_title":"Arab Dairy turns down buyout offers","og_description":"M&A WATCH- Plot twist: Arab Dairy rejects buyout offers: Cheesemaker Arab Dairy has turned down \u201call the offers\u201d it has received for a buyout, it said in an EGX disclosure (pdf), explaining that they did not match the \u201cstrategic vision\u201d of its management or main shareholders. 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The producers of the Panda cheese brand received\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599039,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/frieslandcampina-to-do-due-diligence-on-arab-dairy-ahead-of-bid-offer\/","url_meta":{"origin":593618,"position":1},"title":"FrieslandCampina to do due diligence on Arab Dairy ahead of bid offer","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"M&A WATCH- FrieslandCampina to do due diligence on Arab Dairy ahead of bid: Egyptian cheese maker Arab Dairy will let Netherlands-based FrieslandCampina perform due diligence ahead of a potential bid for 100% of Arab Dairy\u2019s, the company said in a bourse filing (pdf). 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The fund\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597501,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/29\/gulf-capital-pulls-away-from-plans-to-acquire-egyptian-cheesemaker-arab-dairy\/","url_meta":{"origin":593618,"position":3},"title":"Gulf Capital pulls away from plans to acquire Egyptian cheesemaker Arab Dairy","author":"enterpriseam admin","date":"29 July 2019","format":false,"excerpt":"M&A WATCH- Gulf Capital pulls away from Arab Dairy takeover plans: UAE-based Gulf Capital\u2019s GC Equity Partners III fund has walked away from its plans to acquire 100% Arab Dairy. The cheesemaker said in a bourse disclosure (pdf) it received a letter from the fund stating that its \u201cstrategy and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595372,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/frieslandcampina-yet-to-make-acquisition-offer-to-buy-cheesemaker-arab-diary\/","url_meta":{"origin":593618,"position":4},"title":"FrieslandCampina yet to make acquisition offer to buy cheesemaker Arab Diary","author":"enterpriseam admin","date":"24 September 2019","format":false,"excerpt":"M&A WATCH- Arab Dairy waiting on FrieslandCampina to make an acquisition offer: Netherlands-based FrieslandCampina has completed due diligence to acquire cheesemaker Arab Dairy without making an offer, but negotiations are ongoing, the latter said in an EGX disclosure (pdf). The Panda cheese producer gave the Dutch company the green light\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":551412,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/earnings-watch-arab-dairy\/","url_meta":{"origin":593618,"position":5},"title":"Earnings watch: Arab Dairy","author":"enterpriseam admin","date":"15 June 2022","format":false,"excerpt":"EARNINGS WATCH-Arab Dairy saw their bottom line fall 61.9% y-o-y in 1Q2022 to EGP 3.19 mn, according to their financials (pdf). 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