Americana Restaurants has successfully completed its landmark initial public offering (IPO) and first ever dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (“Tadawul”). The institutional investor tranche, which was marketed domestically and internationally, drew orders worth USD105 billion and was 65.5 times oversubscribed, while subscriptions from individuals in the […]
At the Principe di Savoia Hotel in Milan, the Foodcommunity Awards 2022 honoured chefs, formats, concepts, restaurants and brands in the food & beverage sector that have distinguished themselves over the past year for business growth.
Deal & transactions
Food & Beverage
Other
ECCBC acquires Morocco-based Atlas Bottling from Diana Holding
Equatorial Coca-Cola Bottling Company (“ECCBC”), a bottler of The Coca-Cola Company in North and West Africa, has reached an agreement, through its Moroccan subsidiaries, to acquire the bottler of Coca-Cola in the northern and eastern
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution
Deal & transactions
Egypt
Food & Beverage
ZH&P on the Gov. of Egypt’s concession for Strategic Warehouses
Hassan Allam Utilities, Orascom, and Samcrete have signed an agreement with the Internal Trade Development Authority (“ITDA”) for the financing, design, construction, operation and maintenance of the strategic warehouses for primary products in the
Deal & transactions
Egypt
Food & Beverage
Expedition Investments consortium completes acquisition into Domty
Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a
Alamar Foods, a Saudi based Quick Service Restaurant operator in the Middle East, North Africa and Pakistan, has completed its SAR1.22 billion (approximately USD326 million) initial public offering (IPO) and listing of ordinary shares
Deal & transactions
Food & Beverage
Other
Mirova acquires stakes in Morocco’s Atlas Fruit Company. The advisors
Mirova, an affiliate of Natixis Investment Managers, and manager of the Land Degradation Neutrality (LDN) impact fund, has completed the acquisition of a majority stake in Atlas Fruits Company. The Land Degradation Neutrality (LDN) Fund,
Deal & transactions
Food & Beverage
Saudi Arabia
Tanmiah Food Company and Tyson Foods sign strategic partnership
US-based Tyson Foods and Saudi-based Tanmiah Food Company (“Tanmiah”) have entered into a strategic partnership agreement to accelerate growth in agrifood and poultry production capacity and to meet growing global protein demand. The parties to
Deal & transactions
Egypt
Food & Beverage
Agthia Group enhances Egyptian portfolio with the acquisition of Auf Group
Agthia Group, a major player in the food and beverage sector in MENA, is to enter into a strategic acquisition of 60% of Auf Group, an Egyptian healthy snacks and coffee company operating under the Abu
