UAE F&B group Agthia continues buying spree with plans for majority stake in Egyptian processed meat producer
Agthia Group has received approval from its board of directors to acquire a 75.02% stake in an Egyptian processed meat producer as the UAE F&B company continues a buying spree.
The Group's chairperson said in a statement on Wednesday (Apr 7) that the company's acquisition of Ismailia Investments is a continuation of its strategy to position Agthia as the leading FMCG player in the MENA region.
Agthia has been on a bit of a spending spree as it seeks growth. Most recently, it acquired Jordanian processed meat company Nabil Foods after it added Kuwait's Al Faysal Bakery to its growing portfolio of companies.
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