{"id":599634,"date":"2019-01-06T05:08:10","date_gmt":"2019-01-06T05:08:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/al-nour-for-dairy-in-talks-to-acquire-greenland-after-almarai-talks-fall-through\/"},"modified":"2019-01-06T05:08:10","modified_gmt":"2019-01-06T05:08:10","slug":"al-nour-for-dairy-in-talks-to-acquire-greenland-after-almarai-talks-fall-through","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/06\/al-nour-for-dairy-in-talks-to-acquire-greenland-after-almarai-talks-fall-through\/","title":{"rendered":"Al Nour for Dairy in talks to acquire Greenland after Almarai talks fall through"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><b> **#4<\/b> <b>M&A WATCH- Al Nour for Dairy in talks to acquire Greenland after Almarai talks fall through:<\/b> <u><a href=\"https:\/\/www.bloomberg.com\/research\/stocks\/private\/snapshot.asp?privcapId=277820253\">Al Nour for Dairy Industries<\/a><\/u> \u2014 which counts businessman Mohamed Halawa and Lactalis as shareholders \u2014 is reportedly in talks to acquire Americana Group subsidiary Greenland Group for Food Industries, according to a <u><a href=\"https:\/\/alborsaanews.com\/2019\/01\/03\/1167170\">domestic press report<\/a><\/u> citing sources with knowledge of the matter. Saudi dairy product producer Almarai <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/07\/almarai-to-launch-usd-75-mn-acquisition-bid-for-egypts-greenland\/\">had been looking to acquire<\/a><\/u> Greenland in a transaction worth as much as USD 75 mn last year, but talks have fallen through over disagreements on the transaction value. The sources did not disclose the expected value of Al Nour\u2019s acquisition. The company is expected to complete due diligence on Greenland during 1Q2019. Greenland had been in the red for seven years but returned to profitability in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>**#4 M&#038;A WATCH- Al Nour for Dairy in talks to acquire Greenland after Almarai talks fall through: Al Nour for Dairy Industries \u2014 which counts businessman Mohamed Halawa and Lactalis as shareholders \u2014 is reportedly in talks to acquire Americana Group subsidiary Greenland Group for Food Industries, according to a domestic press report citing sources [&hellip;]<\/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":[11306,72,11307,7128,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599634","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-al-nour-for-dairy","tag-enterpriseam","tag-greenland-group","tag-ma-watch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9f6cfc21-cb88-4e78-9dc9-721ddbdac434","is_powered_by":true,"section_story_id":"bb07dcd4-4c0f-450b-aec8-3c9da0139cc2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599625],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The transaction, which our source confirms has been executed, valued Greenland at EGP 890\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":621397,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/07\/almarai-to-launch-usd-75-mn-acquisition-bid-for-egypts-greenland\/","url_meta":{"origin":599634,"position":1},"title":"Almarai to launch USD 75 mn acquisition bid for Egypt\u2019s Greenland?","author":"enterpriseam admin","date":"7 November 2018","format":false,"excerpt":"M&A WATCH- Almarai to launch USD 75 mn bid for Greenland? Saudi dairy product producer Almarai is reportedly looking to acquire Americana Group subsidiary Greenland Group for Food Industries in a transaction worth as much as USD 75 mn, according to a domestic press report citing sources with knowledge of\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":581762,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/23\/almarai-now-owns-100-of-beyti\/","url_meta":{"origin":599634,"position":2},"title":"Almarai now owns 100% of Beyti","author":"enterpriseam admin","date":"23 February 2023","format":false,"excerpt":"Saudi\u2019s Almarai buys PepsiCo out of Beyti: Saudi dairy producer Almarai has bought PepsiCo\u2019s entire 48% stake in the parent company of juice and dairy producer Beyti for SAR 255 mn (c. USD 68 mn), it said in a disclosure to the Saudi stock exchange on Sunday. Almarai now owns\u2026","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/dairy-Almarai-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":625842,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs\/","url_meta":{"origin":599634,"position":3},"title":"Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan labs","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"M&A WATCH- Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan: Saudi Arabia\u2019s Elaj Group is reportedly in advanced talks with Gulf Capital to acquire its 75% stake in medical diagnostic imaging chain TechnoScan, sources close to the matter tell Al Mal. The transaction is expected to be\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":636265,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/28\/nmc-in-talks-to-acquire-alameda-health-care\/","url_meta":{"origin":599634,"position":4},"title":"NMC in talks to acquire Alameda Health Care","author":"enterpriseam admin","date":"28 December 2017","format":false,"excerpt":"M&A WATCH- UAE-based hospital group NMC Healthcare is reportedly in talks to acquire Alameda Healthcare, sources told Al Mal. Fahad Khater\u2019s Alameda owns shares in the Dar Al Fouad and As-Salam International Hospitals in Egypt. 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