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Carlyle plans acquisition of food group in Mena
- Middle East: Tuesday, October 16 - 2012 at 02:15
US-based asset management firm Carlyle Group (CG) has said it is seeking to acquire a franchise of an international food group in the Middle East and North Africa to increase its revenue in the region, Bloomberg has reported. "We're planning a bolt-on acquisition to our food business," Firas Nasir, co-head of buyouts for Carlyle in the region, told reporters on the sidelines of a conference in Dubai. The company is conducting due diligence, he said without providing further details. In December 2011, Carlyle bought a 42% stake in restaurant operator Alamar Foods from Saudi Arabia's Al Jammaz family.
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