Tabuk Agricultural extends MoU for ASTRA Farms acquisition

03/12/2017 Argaam

 

Tabuk Agricultural Development Co. (TADCO) has extended a memorandum of understanding (MoU) to buy ASTRA Food Co.’s agriculture business until Dec. 31, 2017, the company said in a statement to Tadawul. 

 

TADCO extended the deal, which was supposed to expire on Sept. 30, to complete negotiations between the two parties.

 

The Tadawul-listed firm had signed in May 2016 an agreement with ASTRA Food to acquire its agricultural division, ASTRA Farms, and the related transport services under a share swap deal, Argaam earlier reported. 

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