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Monday, 14 May 2018

Dr. Oetker looks set to acquire Cook’s Industries in EGP 1 bn transaction

M&A WATCH- Dr. Oetker looks set to acquire Cook’s Industries in EGP 1 bn transaction: German food producer Dr. Oetker is reportedly in the final stages of talks to acquire full ownership of Cook’s Industries in a transaction valued at more than EGP 1 bn. Emerging markets private equity giant Actis, which rumor had it had begun conducting due diligence, appears to have dropped out of the race, sources close to the agreement tell Al Mal. We had reported in February that Cook’s owners, the Paraskevas family, are interested in selling their entire stake in the venture.

Advisors: We were told that Dr. Oetker tapped CI Capital to advise on the acquisition, with Arqaam Capital advising on the sell-side.

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