Disclosure to EGX Regarding the Divestment from Cheese Manufacturer El-Misrieen in Egypt and Confectioner RIS Sells Assets in Sudan
30 December 2015 Download
Qalaa Holdings (CCAP.CA on the Egyptian Exchange), an African leader in infrastructure and industry, announced today that its agrifoods subsidiary Gozour has signed a sale and purchase agreement (SPA) for the sale of Misr October for Food Industries (El-Misrieen), an Egyptian manufacturer of cheese products, to a domestic industrial investor at an enterprise value of EGP 50 million.
Separately, RIS – a business unit of Gozour – has signed another SPA for the sale of its two halawa and biscuit plants in Sudan to a Sudanese investor at an enterprise value of US$ 4.3 million. Qalaa Holdings currently has an effective ownership of 55% in RIS.
Separately, RIS – a business unit of Gozour – has signed another SPA for the sale of its two halawa and biscuit plants in Sudan to a Sudanese investor at an enterprise value of US$ 4.3 million. Qalaa Holdings currently has an effective ownership of 55% in RIS.