403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Saudi Savola, Takween in talks on possible plastic unit sale
(MENAFN) Savola Group, Saudi Arabia's largest food products firm, announced that they are going through talks with Takween Advanced Industries to discuss a potential sale of its plastics business, Arab News reported.
Savola said that it intends on selling its entire share capital in Savola Packaging Co. so that the company would retain its full focus on its core sectors of food and retailing.
Savola, which reported a 53.3 percent increase in its July-September net profit, is also currently in talks with Kuwait Food Company (Americana) over a potential deal to buy major stake in Americana.
Savola said that it intends on selling its entire share capital in Savola Packaging Co. so that the company would retain its full focus on its core sectors of food and retailing.
Savola, which reported a 53.3 percent increase in its July-September net profit, is also currently in talks with Kuwait Food Company (Americana) over a potential deal to buy major stake in Americana.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment