Abraaj Investment Management has secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in the nation's confectionery producer Bisco Misr for $119m. The company, which will pay £73.91 per share, will ...
French dairy producer Lactalis International has offered to buy the Egypt-based dairy firm Arab Dairy for LE66 ($9.20) per share. This new offer marks the highest price for share compared to the other potential buyers including Saudi ...
Tags: Arab Dairy, Acquisition Offer, Agriculture
Carbon Holdings, a company based in Egypt, engaged in developing petrochemical plants and projects, is planning to set up a petrochemical project named Tahir, at a cost of US$ 7 billion, in Ain Sokhna town in Egypt, ahram online reported. ...
Arla Foods is making a non-binding bid for a majority stake in Arab Dairy Products Company, a listed company based in Cairo, Egypt. The bid of 65 Egyptian pounds per share is dependent on a satisfactory due diligence of the dairy company ...
Tags: Arla Foods, Non-Binding Bid, Food
Breakfast cereal producer Kellogg plans to acquire a majority stake in Egyptian confectionery-maker Bisco Misr for an undisclosed amount. The company is eyeing around 51% stake in Bisco Misr, following a due diligence. Bisco Misr, ...
Tags: Kellogg, Bisco Misr, Breakfast cereal
Russian President Vladimir Putin said after meeting with Egyptian President Ceci, Russia is now providing arms to Egypt, the two sides have reached consensus on the cooperation. Agreed simplify the process of Egypt agricultural ...
Tags: Economy
The increasing demand for affordable housing, robust infrastructure, and other public amenities among the younger generation is fuelling the market for paints and coatings in Egypt. Nearly 65 per cent of Egypt's population is in the 15 to ...
Tags: Paints, Coatings Market
During the last couple of days, all indices mainly followed the New York futures development. Despite nice U.S. export data and once again reduced stocks of high qualities, the surprisingly good rainfalls in Texas as well as the planting ...
Tags: Cotton, Cotton Prices
The CIF Bremen as well as the Cotlook A index decreased further little by little during the reported week. It has been assumed that the even more considerable weakness of the New York futures was provoked by adjustments of fund positions. ...
Tags: Cotton, New York futures
Egypt's largest steelmaker Ezz Steel has announced its financial results for 2013, reporting a net profit of EGP 134 million ($18.8 million), significantly increasing compared to EGP 8 million in the previous year. The company's sales ...
Tags: Ezz Steel, steelmaker
The CIF Bremen index remained stable recording only slight fluctuations since the last report. Thus, it reflected the firm quotations for promptly available shipments. The negotiations on prices between trade and industry often did not ...
Tags: CIF Bremen Cotton, Cotton Index
A restrained demand was registered during the past week since several spinning industries maintained their wait-and-see attitude due to the continuously volatile market. Some contracts were closed, however, especially for near dates, ...
Tags: Cotton, Restrained Demand
According to the short range outlook of the World Steel Association (worldsteel), in the MENA region, steel demand is expected to grow by 6.1 percent to 66.7 million mt in 2014 after a 0.9 percent increase in 2013. Worldsteel pointed out ...
Tags: Steel Demand, Mena Region
News on higher than expected support for farmers in Xinjiang, sales from the Chinese National Reserve at attractive prices, slightly decreasing US-exports as well as considerably lower prices for the competing fibre polyester have ...
Tags: CIF Bremen, textile industry
The exports of cotton from Egypt declined by 42 percent in the first quarter of the agricultural season 2013-14, according to the data from the Central Agency for Public Mobilization and Statistics (CAPMAS). Egypt exported 79,600 ...
Tags: Cotton Exports, CAPMAS