Egypt: Offer submitted for 90% stake in Domty
Arabian Food Industries (Domty) has announced that an offer has been submitted for 90% of the Egypt-based food business by Expedition Investments for EGP5 ($0.26) per share. According to Daily News Egypt, Expedition Investments is a company created to acquire Domty owned by investors in Egypt, Saudi Arabia, and the United Arab Emirates. According to […]
Netherlands: FrieslandCampina and Arabian Food Industries form joint venture
Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and […]