Domty

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Egypt: Offer submitted for 90% stake in Domty

July 7, 2022

Food, Mergers & Acquisitions, Middle East & Africa

Arabian Food Industries (Domty) has announced that an offer has been submitted for 90% of the Egypt-based food business by Expedition Investments for EGP5 ($0.26) per share. According to Daily News Egypt, Expedition Investments is a company created to acquire Domty owned by investors in Egypt, Saudi Arabia, and the United Arab Emirates. According to sources, Egypt’s Financial Regulatory Authority is studying the submitted offered and the decision will be …

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Netherlands: FrieslandCampina and Arabian Food Industries form joint venture

March 22, 2021

Europe, Food, Mergers & Acquisitions

Dutch dairy multinational FrieslandCampina has announced that the company has signed a joint venture agreement with Arabian Food Industries (Domty) to export cheese to Africa and the Middle East. According to FrieslandCampina’s press release, the firms are combining efforts in a new company in order to sell affordable cheese products to markets in Africa and the Middle East from Egypt. “We have been seeking this venture as a company for …

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