{"id":651684,"date":"2017-02-19T04:06:19","date_gmt":"2017-02-19T04:06:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/"},"modified":"2017-02-19T04:06:19","modified_gmt":"2017-02-19T04:06:19","slug":"nestle-pays-egp-364-88-mn-for-caravan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/","title":{"rendered":"Nestl\u00e9 pays EGP 364.88 mn for Caravan"},"content":{"rendered":"<p><strong>M&A Watch-<\/strong> Nestl\u00e9 SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn to complete the transaction, according to <a href=\"http:\/\/www.alborsanews.com\/2017\/02\/16\/%D8%AA%D9%86%D9%81%D9%8A%D8%B0-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D9%86%D8%B3%D8%AA%D9%84%D8%A9-%D8%B9%D9%84%D9%89-%D9%83%D8%A7%D8%B1%D8%A7%D9%81%D8%A7%D9%86-%D8%A8%D9%82%D9%8A%D9%85\/\">Al Borsa<\/a>. Nestl\u00e9 had announced it is acquiring Caravan, the owner of the Bonjorno instant coffee brand, in <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/18\/nestle-acquires-maker-of-bonjorno-instant-coffee\/\">January<\/a>. Reports at the time valued the transaction at <a href=\"https:\/\/enterprise.press\/stories\/2017\/01\/19\/caravan-transaction-to-cost-nestle-egp-400-500-mn\/\">EGP 400-500 mn<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A Watch- Nestl\u00e9 SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn to complete the transaction, according to Al Borsa. Nestl\u00e9 had announced it is acquiring Caravan, the owner of the Bonjorno instant coffee brand, in January. Reports at the time valued the transaction at EGP 400-500 [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-651684","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"0d34094c-95ac-4035-bc7f-acbb29c7f6f2","order":"0","is_powered_by":true,"section_story_id":"961f101b-8983-498f-a1d3-3af80098627d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651672],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Nestl\u00e9 pays EGP 364.88 mn for Caravan - 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\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nestl\u00e9 pays EGP 364.88 mn for Caravan\" \/>\n<meta property=\"og:description\" content=\"M&amp;A Watch- Nestl\u00e9 SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn to complete the transaction, according to Al Borsa. Nestl\u00e9 had announced it is acquiring Caravan, the owner of the Bonjorno instant coffee brand, in January. Reports at the time valued the transaction at EGP 400-500 [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-19T04:06:19+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Nestl\u00e9 pays EGP 364.88 mn for Caravan\",\"datePublished\":\"2017-02-19T04:06:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\"},\"wordCount\":62,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\",\"name\":\"Nestl\u00e9 pays EGP 364.88 mn for Caravan - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-02-19T04:06:19+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nestl\u00e9 pays EGP 364.88 mn for Caravan\"}]},{\"@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":"Nestl\u00e9 pays EGP 364.88 mn for Caravan - 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\/2017\/02\/19\/nestle-pays-egp-364-88-mn-for-caravan\/","og_locale":"en_US","og_type":"article","og_title":"Nestl\u00e9 pays EGP 364.88 mn for Caravan","og_description":"M&A Watch- Nestl\u00e9 SA has closed the acquisition of Caravan Marketing Company on Thursday when it paid EGP 364.88 mn to complete the transaction, according to Al Borsa. 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The source says Nestl\u00e9 is buying 100% of Caravan\u2019s shares for EGP 400-500 mn. Caravan\u2019s Chairman Amr Barakat said company sales recorded nearly EGP 500 mn in\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":652940,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/23\/nestle-to-invest-egp-1-bn-over-coming-five-years\/","url_meta":{"origin":651684,"position":1},"title":"Nestl\u00e9 to invest EGP 1 bn over coming five years","author":"enterpriseam admin","date":"23 January 2017","format":false,"excerpt":"This comes as Nestl\u00e9 Egypt will be allocating EGP 1 bn in investments over the next five years to increasing output across the board, Al Borsa reported. In addition to expanding its range of products for infants, Nestl\u00e9 \u2014 fresh of its EGP 400-500 mn bid to acquire Caravan Marketing\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":600300,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/nestle-ambition-to-invest-in-egypt-continues-forward-momentum\/","url_meta":{"origin":651684,"position":2},"title":"Nestl\u00e9 ambition to invest in Egypt continues forward momentum","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Nestl\u00e9 inaugurates EGP 250 mn Bonjorno factory: Nestl\u00e9 inaugurated on Thursday its EGP 250 mn (USD 14 mn) factory for its coffee brand Bonjorno, located in the 6th of October industrial zone, according to a statement (pdf) from the Swiss food giant.An export hub in the making: The\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\/2019\/1\/1693.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":652744,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/18\/nestle-acquires-maker-of-bonjorno-instant-coffee\/","url_meta":{"origin":651684,"position":3},"title":"Nestl\u00e9 acquires maker of Bonjorno instant coffee","author":"enterpriseam admin","date":"18 January 2017","format":false,"excerpt":"M&A Watch- Nestl\u00e9 SA announced it has signed an agreement to acquire Caravan Marketing Company, the owner of the Bonjorno instant coffee brand. \u201cThe acquisition reflects Nestl\u00e9\u2019s ambition to invest in Egypt and foster the development of the rapidly growing soluble coffee segment which has been gaining popularity among Egyptians,\u201d\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":600360,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/28\/nestle-to-invest-egp-1-bn-in-egypt-in-the-next-five-years\/","url_meta":{"origin":651684,"position":4},"title":"Nestl\u00e9 to invest EGP 1 bn in Egypt in the next five years","author":"enterpriseam admin","date":"28 January 2019","format":false,"excerpt":"INVESTMENT WATCH- Nestl\u00e9 is planning to invest about EGP 1 bn in Egypt in the next five years, Nestl\u00e9 North Africa CEO Moataz El Hout said, according to reports in the local press. 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