Tabuk Agricultural Development Co. (TADCO) has extended a memorandum of understanding (MoU) to buy Astra Food Co.’s agriculture business for one month until Oct. 31, 2017, the company said in a statement to Tadawul.
TADCO extended the MoU, which was supposed to expire on Sept. 30, 2017, to complete negotiations of the deal.
The Tadawul-listed firm signed an agreement in May 2016 with ASTRA Food to acquire its agricultural division, ASTRA Farms, and the related transport services under a share swap deal.
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