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.