{"id":653591,"date":"2024-10-20T00:00:00","date_gmt":"2024-10-20T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/20\/unnamed-bidder-wants-49-of-raya-foods-for-usd-40-mn-2\/"},"modified":"2024-10-20T00:00:00","modified_gmt":"2024-10-20T00:00:00","slug":"unnamed-bidder-wants-49-of-raya-foods-for-usd-40-mn-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/20\/unnamed-bidder-wants-49-of-raya-foods-for-usd-40-mn-2\/","title":{"rendered":"Unnamed bidder wants 49% of Raya Foods for USD 40 mn"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Raya Holding may soon no longer be the sole owner of Raya Foods<\/strong><strong>:<\/strong> Raya Holding has received a binding offer to acquire up to 49% of its wholly-owned subsidiary Raya Foods for USD 40 mn, the parent company said in a disclose to the <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/1472.pdf\" style=\"\" rel=\"noopener\">EGX on Thursday (pdf)<\/a>. The offer will be presented to the company\u2019s board of directors and an independent financial advisor will be appointed. Raya stopped short of disclosing the name of the bidder.Raya Foods typically contributes c. 5% of the group\u2019s total revenues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market Reax: <\/strong>Raya Holding\u2019s share jumped 12.8% to EGP 3.44 at Thursday\u2019s close following the news.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors have been showing a lot of interest in Egyptian food companies this month:<\/strong> The news came two days after <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3239e19b-5957-4421-9ce2-fa09f16d54c4\/\" style=\"\" rel=\"noopener\">another major bid in the food sector<\/a> \u2014 Denmark-based Arla Foods has submitted a non-binding offer to acquire up to 100% of EGX-listed Domty. The offer values the dairy producer at USD 183 mn and has pushed Domty\u2019s shares up 40% in the two trading days since Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF DOMTY- The company has postponed allowing Arla Foods to conduct its <\/strong><strong>due <\/strong><strong>diligence<\/strong>, until Arla responds to board members\u2019 inquiries regarding the potential acquisition, the company said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/10\/1520.pdf\" style=\"\" rel=\"noopener\">disclosure to the EGX on Thursday (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Raya Foods typically contributes c. 5% of the group\u2019s total revenues<\/p>\n","protected":false},"author":1,"featured_media":653592,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7363],"tags":[1598,72,564,7128,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-653591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-domty","tag-enterpriseam","tag-food","tag-ma-watch","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"34f91a9a-d141-4a12-a99c-547879216e49","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1566.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Unnamed bidder wants 49% of Raya Foods for USD 40 mn","related_issue":[653578],"teaser":"Raya Foods typically contributes c. 5% of the group\u2019s total revenues","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.8abeb2ad-559b-4ea6-872a-6407c7a1b9d2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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We\u2019re gearing up for the weekend after a long week of headlines and will see you again on Sunday.THE BIG STORY TODAY Food sector acquisitions just keep coming: Raya Holding has received a binding offer to acquire up to\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653710,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/raya-foods-eyes-usd-20-mn-factory-to-boost-exports\/","url_meta":{"origin":653591,"position":3},"title":"Raya Foods eyes USD 20 mn factory to boost exports","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"Good afternoon, folks, and a happy Monday to you all.THE BIG STORY TODAY Half of Helios\u2019 USD 40 mn acquisition bid for Raya Foods will go towards building a new factory: Raya Food\u2019s parent company Raya Holding will direct USD 20 mn of Helios Investment Partners\u2019 USD 40 mn bid\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1778.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":663879,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/04\/16\/raya-holding-reports-solid-2024-results\/","url_meta":{"origin":653591,"position":4},"title":"Raya Holding reports solid 2024 results","author":"enterpriseam admin","date":"16 April 2025","format":false,"excerpt":"The group\u2019s revenues reached EGP 45.1 bn in FY 2024, up 44% y-o-y","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/951.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653667,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/10\/21\/raya-foods-mystery-suitor-is-helios-investment-partners\/","url_meta":{"origin":653591,"position":5},"title":"Raya Foods\u2019 mystery suitor is Helios Investment Partners","author":"enterpriseam admin","date":"21 October 2024","format":false,"excerpt":"Financial Advice Corporate Transactions was tapped as independent financial advisor","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\/2024\/10\/1703.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653591","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=653591"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/653591\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/653578"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/653592"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=653591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=653591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=653591"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=653591"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=653591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}