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Almarai eyes acquisitions in Egypt
- Egypt: Monday, July 13 - 2009 at 11:26
Hatem Saleh, the head of the dairy division at the Egyptian Union of Industries, has said that Almarai Co., Saudi Arabia's biggest listed dairy firm, is considering more acquisition opportunities in Egypt after spending $115m last month to buy an Egyptian company, Al Madina newspaper has reported. Almarai is 'preparing the conclusion of new expansion agreements in Egypt' and is seriously studying expansion in dairy production mainly in addition to juices and baked products, he said.
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