Confectionary News
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Abraaj pulls out of bidding for Egypt’s Bisco Misr
Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
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Egypt extends period of Abraaj bid for Bisco Misr to match Kellogg's
Kellogg, the world's biggest breakfast cereal maker, has twice topped Abraaj's bids.
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Egypt provides land for UAE-built sugar factory
The UAE’s Al Ghurair Group has won approval from Egypt’s cabinet for the allocation of land for the construction of a new sugar factory in the Minya governorate in Upper Egypt.
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Egyptian snack maker Edita plans $200 mln stock market listing
The initial public offering (IPO) could value the food company at around 1.5 billion Egyptian pounds.
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Kellogg and Abraaj battle for Egypt's Bisco Misr
The bidding war is part of flurry of mergers and rights issues boosting activity on the Cairo bourse.
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Kellogg's cleared to buy Egypt's Bisco Misr
US multinational gets regulatory clearance to purchase Egyptian confectionery maker Bisco Misr.
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UAE’s Abraaj says raises offer price for Egypt’s Bisco Misr
Abraaj is now offering 79.10 pounds ($11.06) a share for a total purchase price of 909.65 million pounds, it said in Sunday's statement.
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Kellogg offers $127M for Egypt confectionery maker
Kellogg offered 79 Egyptian pounds ($11.05) a share, according to a statement from the Egyptian Financial Supervisory Authority to the local bourse.
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Shareholders with 56 pct of Egypt's Bisco Misr agree to sell
The shareholders had agreed to sell provided that the formal offer came within two working days from Thursday.
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Kellogg Co makes bid approach to Egypt's Bisco Misr-statement
Kellogg asked to conduct technical and financial studies of Bisco Misr, with an eye to acquiring at least 51 percent of its shares.
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Trade row pits Kenya against Egypt
Kenya says that just packaging sugar from Brazil does not meet the rules of origin threshold.
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Egypt government to raise sugar production
Government plans to raise its sugar production to two million tonnes from 1.1 million tonnes to meet demand for subsidised sugar.
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Abraaj Investment Management makes bid approach to Bisco Misr
Abraaj Investment Management has the intention of acquiring all of Bisco Misr's shares, with a minimum of a 51 percent stake.
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Nestle opens chocolate plant in Egypt, builds factory in Dubai
The new plant in 6th of October City is a 65 million-Egyptian-pound ($9 million) extension to Nestle's existing dry goods factory.
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Snacking in Egypt: The Consumer Statistics
Consumers in Egypt spent close to 8 billion Egyptian Pounds on salty snacks, sweets and other treats last year.