Mitsui & Co. takes stake in Egypt’s Wadi Poultry

Japanese conglomerate Mitsui & Co. has extended its reach into food with an undisclosed stake in Egypt-based Wadi Poultry.

Tokyo-headquartered Mitsui said it has concluded an agreement with Wadi and its “related subsidiaries” for the “share acquisition” but did not reveal the financial terms nor the size of the investment interest.

Giza-based Wadi Poultry, part of the Wadi Group holding company, operates in three segments covering food production and the agri-sector, poultry processing and breeding, and animal feed.

Mazereh is the operation for food manufacturing and agri-food housing Wadi Food and Rula Farms. The food portfolio features olive oils and olives, pickles, pastes and vinegar.