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Wednesday, 26 July 2017

Saudi Egyptian Industrial Investment Company to acquire food manufacturer

M&A WATCH- The Saudi Egyptian Industrial Investment Company (SEIC) is looking to acquire an unnamed, privately-held food manufacturer, CEO Ahmed Ata tells Al Mal. Ata expects the transaction to be completed by the end of 2017. SEIC has tapped Cairo Financial Holdings as advisor on transaction, he added. SEIC — an investment company set by the governments of Saudi Arabia and Egypt — has invested around EGP 1 bn in Egypt, and its investments includes stakes in medical disposables producer Farco Make and in Alexandria Carbon Black.

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