Almarai Co. — Capital/Financing Update 2013

Apr 9, 2013

Almarai announces the acquisition by International Dairy & Juice (IDJ) of its minority shareholding of Teeba

2280 · 09/04/2013 09:49:22 · Announcement #30086 · View on Saudi Exchange

Almarai announces the acquisition by International Dairy & Juice (IDJ) of its minority shareholding of Teeba

Almarai is pleased to announce that International Dairy & Juice (IDJ), a joint venture between Almarai Company (52%) and PepsiCo (48%) has signed an agreement Monday night 8th April 2013 to increase its stake in Teeba Investment for Developed Food Processing Co. which operates in Jordan from 75% to 100% through the purchase of the minority shareholding of 25% hold by Alsafa Company for a total consideration of JOD 12 million. This simplified ownership structure will help the IDJ shareholders drive the Teeba investment forward.

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