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CAGNY: Kellogg eyes Bisco Misr boost in Middle East

2015-02-19 14:25:53| Agriculture - Topix.net

Kellogg believes its acquisition of Egyptian snack maker Bisco Misr can help further build its business in the Middle East. Speaking at the Consumer Analyst Group of New York investment conference in Florida yesterday , Chris Hood, president of Kellogg's business in Europe, said he expects Bisco Misr to be "a big growth engine" for the business in the region.

Tags: east middle eyes boost

 

Kellogg's closes Bisco Misr acquisition

2015-01-16 01:00:00| Food Processing Technology

Kellogg's has completed the acquisition process for a majority stake in Egyptian cake and biscuit maker Bisco Misr, in a deal worth $125m.

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Kellogg's to acquire 85.93% stake in Bisco Misr

2015-01-13 01:00:00| Food Processing Technology

Kellogg's is set to acquire an 85.93% stake in Bisco Misr after shareholders of the Egyptian biscuit maker agreed to sell their shares.

Tags: acquire stake kelloggs bisco

 

Abraaj exits bidding process for 100% acquisition of Egypts Bisco Misr

2015-01-05 01:00:00| Food Processing Technology

Private equity firm Abraaj Group has announced its decision to pull out of the competitive bidding process for the 100% acquisition of Egyptian snack producer Bisco Misr.

Tags: process acquisition bidding exits

 

Abraaj withdraws from Bisco Misr takeover race

2015-01-02 12:02:58| Agriculture - Topix.net

On Wednesday , Abraaj announced said it "decided that it will not continue to participate" in the takeover battle with Kellogg . On 24 December, Abraaj raised its offer for Bisco Misr to EGP88.09 per share, up from the EGP84.66 a share it tabled a week earlier.

Tags: race takeover withdraws bisco

 

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