Egyptian private equity firm Qalaa Holdings is contemplating the sale of its fresh packaged milk producing firm Dina Farms. The potential sale is in line with Qalaa's plans to generate around $300m from exits in the medium term. The ...
Tags: Packaged Milk, Qalaa
The UK-based bedroom accessories specialist Feather and Black has joined forces with two Yorkshire-based cloth businesses. Titled London Collection, the luxury, high-end, handmade bed collection’s divan base and headboard have been ...
Somnus, maker of luxury box spring beds, is returning to imm cologne for the 4th year running. This show is an important exhibition in the Somnus export strategy as the company continues to grow its sales of English-style handmade beds in ...
Nestle, Swiss food giant, is going to invest about 1 billion Egyptian pounds ($137.93 million) in Egypt in the next few years. Its North East Africa Region CEO said the kind of investments they have made over the last three to four years ...
Tags: Nestle, food giant
American cereal producer Kellogg has completed the acquisition of a majority stake in Egyptian cake and biscuit maker Bisco Misr, in a previously announced deal worth $125m. Kellogg has agreed to pay £89.86 per share for 85.93% ...
Tags: Egyptian cake, biscuit maker, Agriculture
Egyptian cake and biscuit maker Bisco Misr's shareholders controlling 86% of shares have agreed to divest their shares to US-based food manufacturing company Kellogg, in a $125m deal. The Reuters reported that bidding for the biscuit ...
Tags: biscuits, wafers, corn flakes, Agriculture
In what may mark an end of high-quality extra long staple cotton, the Egyptian Government has decided to stop paying subsidy of 350 Egyptian pounds per qintar (160 kg) of cotton to producers, from the next agricultural season. Last ...
Tags: Cotton Production, raw materials, Textile
Private equity investing firm Abraaj Group has decided to withdraw from the bidding process for the acquisition of Egypt's BiscoMisr. The company had offered $12.14 per share to purchase up to 100% of the share capital of Egyptian cake ...
Tags: Egyptian cake, biscuit maker, Agriculture
The Prime Minster of Egypt, Ibrahim Mehleb, recently held meetings to discuss the issues of the cotton and textile industry, and announced that the Egyptian Government has decided to support the revival of the textile sector, Daily News ...
Tags: Cotton Textile, textile industry, Textile
Cairo based Al-Nour Company for Dairy Product has placed a new bid to acquire 100% shares of Arab Dairy Product Company (ADPC). The Egyptian Financial Supervisory Authority (EFSA) has approved Al-Nour's decision to purchase the company ...
Tags: Dairy Product, Agriculture
US-based food manufacturing company Kellogg's has once again raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to £89.86 per share, in an increasing $144m takeover battle. Kellogg's new offer overtakes Abraaj ...
Tags: Egyptian cake, biscuit maker, Agriculture
The government of Egypt has decided to buy wheat from France and Russia at an average price of $273.94 per tonne, country’s General Authority for Supply Commodities (GASC) stated. The country has signed contracts to import 240,000t ...
Tags: Wheat, Agriculture
A platinum-topped gold and diamond necklace presented to writer and socialite Helen Hay on her wedding day topped Sotheby’s auction Tuesday. Held in New York, Sotheby’s Magnificent Jewels sale totaled $44.2 million, raising ...
Tags: diamond necklace, Crafts
US-based food manufacturing company Kellogg's has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to £82.2 per share. Kellogg's new offer overtakes Abraaj Investment Management's latest offer of ...
Tags: Egyptian cake, biscuit, Agriculture
Abraaj Investment Management has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to $129.6m. The move comes after breakfast cereal maker Kellogg's offered $127.06m for the biscuit producer, Reuters reported. ...
Tags: cake, biscuit, Agriculture