Almarai buys additional stake in Pure Breed Poultry for SAR 20 mln

03/04/2018 Argaam

Almarai Co. has raised its stake in Pure Breed Poultry Co. by 14 percent for SAR 20.3 million, bringing the dairy producer’s holdings in the company to a controlling stake of 55.9 percent.

 

The acquisition will strengthen Almarai’s poultry supply chain, the company said in a statement to Tadawul on Monday.

 

The deal, which was fully financed by Almarai, is expected to have an impact on the firm’s Q2 financial results, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.