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 ...
Read More »Mergers & Acquisitions
Dubai halal food producer targets Russia
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 ...
Read More »Turkey: Nestlé expands plant for growth in Saudi Arabia
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 ...
Read More »Dubai retailer MAF says Egypt supermarket deal talk fails
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 ...
Read More »UK: United Biscuits sets sights on Middle East growth
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 ...
Read More »