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UAE's Agthia approves 75% acquisition of Egypt's Ismailia Agricultural


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Abu Dhabi-listed food and beverage company Agthia Group on Wednesday said its board has approved an indirect acquisition of three quarters of Egypt s Ismailia Agricultural and Industrial Investment.
Agthia s acquisition of the 75.02% stake would give Ismailia an enterprise value of 3.22 billion Egyptian pounds ($205.6 million), Agthia said in a stock exchange filing.
Two wholly-owned units of Agthia will be incorporated as private limited companies with nominal share capital in the Abu Dhabi Global Market and used as acquisition vehicles for the transaction.
Agthia, owned by Abu Dhabi state-owned holding company ADQ, has made a series of recent acquisitions as it seeks to become a big player in the region s food and beverage industry. read more ....

Al Isma Iliyah , Abu Dhabi , Abuz Aby , United Arab Emirates , Thomson Reuters Trust Principles , Agthia Group On , Abu Dhabi Listed , Agthia Group , Ismailia Agricultural , Abu Dhabi Global Market , Thomson Reuters Trust , ஒன்றுபட்டது அரபு அமீரகங்கள் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,