Arabian Food Industries

Leading European dairy company Arla has made a non-binding offer to acquire a majority stake in dairy company Arabian Food Industries, trading as Domty, for 31.48 EGP ($0.66) per share. Domty is a publicly listed company that employs 4,000 staff and operates two production facilities, with a range of over 200 items including branded white and processed cheeses and juice. The offer values the company at EGP 8.9 billion ($183 …