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Abraaj raises offer to acquire Egyptian biscuit maker Bisco Misr
date:Nov 27, 2014
uying shares on 21 November, while Kellogg's will begin buying on 27 November. Both parties want 51% stake in Bisco.

Bisco Misr manufactures and sells baked goods and confectionery in Egypt. It offers biscuits, wafers, seasonal products, corn flakes, cakes, and mint candies.

Earlier this month, Abraaj secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in Bisco Misr for $119m.

Bisco Misr then said that it was still possible for interested parties to bid for

07/02 05:55