{"id":628780,"date":"2018-05-14T04:10:12","date_gmt":"2018-05-14T04:10:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/14\/knock-mart-completes-acquisition-of-dina-farms\/"},"modified":"2018-05-14T04:10:12","modified_gmt":"2018-05-14T04:10:12","slug":"knock-mart-completes-acquisition-of-dina-farms","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/14\/knock-mart-completes-acquisition-of-dina-farms\/","title":{"rendered":"Knock Mart completes acquisition of Dina Farms"},"content":{"rendered":"

<\/a> EXCLUSIVE- Knock Mart completes acquisition of Dina Farms retail stores:<\/strong> Online grocery delivery specialist Knock Mart has completed the acquisition of 100% of Qalaa Holdings\u2019 Arabian Company for Services and Trade, the parent company of supermarket chain Dina Farms, Knock Mart Chairman Ahmed Taher tells Enterprise. He did not disclose the price tag for the transaction, but noted that it has been executed. The sale does not include Dina Farms\u2019 core dairy business, <\/strong>Qalaa tells us. Dina has c. 15k head of cattle, making it one of Africa\u2019s largest dairy farms. Under the terms of the sale, Knock Mart will be required to stop using the Dina Farms brand name, which remains Qalaa\u2019s intellectual property, later this summer. The acquisition of Dina Farms\u2019 17 stores brings Knock Mart\u2019s retail footprint to 20 locations and comes as part of the latter\u2019s strategy to grow its retail stores alongside its online sales, said Taher. Knock Mart had made its intentions to acquire Dina Farms known in October 2017<\/a>.<\/p>\n

Advisors:<\/strong> Pharos Holding executed the transaction on the OTC market. Knock Mart was advised by Haykala Investment Managers and Matouk Bassiouny acted as legal counsel.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXCLUSIVE- Knock Mart completes acquisition of Dina Farms retail stores: Online grocery delivery specialist Knock Mart has completed the acquisition of 100% of Qalaa Holdings\u2019 Arabian Company for Services and Trade, the parent company of supermarket chain Dina Farms, Knock Mart Chairman Ahmed Taher tells Enterprise. He did not disclose the price tag for 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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628780","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"29f110c5-0e16-420d-9c22-3c801a1a6bb2","order":"0","is_powered_by":true,"section_story_id":"8a9e4de0-d1f1-4688-b6db-69a9c70d6e39","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628771],"teaser":"","voice_url":""},"yoast_head":"\nKnock Mart completes acquisition of Dina Farms - 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\/2018\/05\/14\/knock-mart-completes-acquisition-of-dina-farms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Knock Mart completes acquisition of Dina Farms\" \/>\n<meta property=\"og:description\" content=\"EXCLUSIVE- Knock Mart completes acquisition of Dina Farms retail stores: Online grocery delivery specialist Knock Mart has completed the acquisition of 100% of Qalaa Holdings\u2019 Arabian Company for Services and Trade, the parent company of supermarket chain Dina Farms, Knock Mart Chairman Ahmed Taher tells Enterprise. 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