{"id":600253,"date":"2019-01-23T04:02:08","date_gmt":"2019-01-23T04:02:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/lactalis-halawa-acquires-100-of-egyptian-cheesemaker-greenland\/"},"modified":"2019-01-23T04:02:08","modified_gmt":"2019-01-23T04:02:08","slug":"lactalis-halawa-acquires-100-of-egyptian-cheesemaker-greenland","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/23\/lactalis-halawa-acquires-100-of-egyptian-cheesemaker-greenland\/","title":{"rendered":"Lactalis-Halawa acquires 100% of Egyptian cheesemaker Greenland"},"content":{"rendered":"

<\/a> M&A WATCH- Lactalis-Halawa acquires 100% of Greenland: <\/b>The domestic partner of French dairy group Lactalis, Lactalis-Halawa Group<\/a>, has acquired 100% of Americana Group subsidiary Greenland Group, a source with knowledge of the matter confirmed to Enterprise. The transaction, which our source confirms has been executed, valued Greenland at EGP 890 mn, according to Al Mal<\/a>. Lactalis-Halawa had previously eyed an acquisition of the Arab Dairy Products Company, but was out-bid by Pioneers Holding. Reports had emerged earlier this month<\/a> that Al Nour for Dairy Industries, a subsidiary of Lactalis-Halawa, was in talks over the transaction. Saudi dairy product manufacturer Almarai had also been looking to acquire<\/a> Greenland, for as much as USD 75 mn last year, but talks were suspended over a disagreement over Greenland\u2019s value.<\/p>\n

Advisers:<\/b> Al Kamel Law Firm acted as legal adviser to Lactalis-Halawa, while Sharkawy and Sarhan acted as sell-side legal counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Lactalis-Halawa acquires 100% of Greenland: The domestic partner of French dairy group Lactalis, Lactalis-Halawa Group, has acquired 100% of Americana Group subsidiary Greenland Group, a source with knowledge of the matter confirmed to Enterprise. The transaction, which our source confirms has been executed, valued Greenland at EGP 890 mn, according to Al Mal. 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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 "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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600253"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600253\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600241"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600253"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600253"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}