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Arla Foods proposes acquisition of Domty amid potential bakery division exclusion

Arla Foods has proposed acquiring a majority stake in Domty for USD 176 million, with plans to delist the company from the stock exchange. While major shareholders intend to sell, the El Damaty family will retain some shares, and negotiations may exclude Domty's profitable baked goods division. The deal awaits due diligence and regulatory approvals, with a 60-day extension granted for the process.
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Egyptian Pound United States Dollar Arla Foods A.M.B.A. EGY DNK MUS Kim Villadsen Rawan Eldamaty Show more
Business & Industry, Market Report
10:40 06.04.2025
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