Saudi competition authority green lights Almarai takeover of Binghatti Beverages

28/10/2021 Argaam

Almarai Co. headquarters

The General Authority for Competition (GAC) issued a no-objection certificate for Almarai Co. to complete the acquisition of Binghatti Beverages Manufacturing LLC (BBM).

 

The authority conducted a study on the beverage bottling market to determine whether there are any concerns over competition.

 

The study concluded that there is no negative impact on competition, because the market shares of the beverage bottling firms operating in the Saudi market will not change as the mentioned acquisition is limited (in the UAE’s factory only).

 

In addition, beverage bottling market has a large number of players, GAC stated. In June, Almarai Co. signed an agreement with Binghatti Beverages to purchase and acquire the latter's production facility in the UAE for AED 215 million, Argaam earlier reported.

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