
Kellogg’s acquires Egyptian Mass Food Group for $50m
Acquisition is second made by US giant in Egypt this year
Acquisition is second made by US giant in Egypt this year
Approval comes after New York stock market-listed firm Kellogg recently acquired 85.93% stakes in Bisco Misr
EGX witnesses some activity in 2015 with Emaar Properties PJSC, Orascom Construction (OC) listings, acquisition of Bisco Misr by Kellog’s
North American food giant says value of stakes is EGP 9.8m
Banque Misr, which has 7% shares in Bisco Misr, refuses to give out information regarding decision to sell until 11 January
Abraaj Group originally wanted to acquire at least 51% stake of Bisco Misr shares as per July announcement