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Abraaj pulls out of bidding for Egypt's Bisco Misr

2014-12-31 13:48:28| Food - Topix.net

Emerging markets private equity firm Abraaj Group will pull out of the bidding process for the acquisition of Egypt's Bisco Misr, Abraaj said on Wednesday. The company had been involved in a bidding war with Kellogg Co, the world's largest breakfast cereal maker, for the purchase of as much as 100 percent of the Egyptian snack maker.

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