Almarai fully acquires Premier Foods for SAR 108 mln

04/02/2019 Argaam

 

Almarai Co. has signed on Monday an agreement with Alamar Foods CJSC to acquire 100 percent stake in Premier Foods LLC. for a value of SAR 108.0 million, the company said in a bourse statement.

 

This transaction is fully financed from Almarai’s operating cash flow. The financial impact of this acquisition will be reflected on results of Q2 2019, the statement added.

 

No related parties are involved in the acquisition deal.

 

Premier Foods is engaged in providing value added products (meat and poultry) to the food services industry in the Middle East, Almarai also said.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

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

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Most Read