Mergers & Acquisitions

Investcorp, a global provider and manager of alternative investment products, and its other related entities have acquired a significant minority stake in Namet Gida Sanayi ve Ticareti AS (Namet), according to Investcorp’s announcement on Tuesday. Namet is a major Turkish ...

By Andrew Scott, The National Al Islami Foods, the Dubai-based halal food producer, is planning a major expansion drive in Russia and the Caucasus region in a bid to tap their Muslim populations, estimated at 284 million. The company is set ...

Nestlé has expanded a plant in Turkey’s northwestern province of Karacabey in Bursa to produce Maggi bouillon products for the North African and the Middle Eastern markets, with a focus on Saudi Arabia. The company has invested 22 million Turkish ...

Majid Al Futtaim Retail’s Dh1 billion bid to acquire Egypt’s largest supermarket chain from Mansour Group collapsed yesterday. Dubai retail firm Majid Al Futtaim (MAF) said on Monday that talks to buy Egypt’s largest supermarket chain from family-owned Mansour Group ...

By Michelle Russell, Just Food United Biscuits has signed a deal to acquire a majority stake in Saudi snacks business Rana Confectionery Products. The deal, the UK snacks firm says, will allow it to grow and establish a strong position ...