NADEC to Acquire Al Safi Danone
Posted on 03/25/2018
Saudi Arabia’s National Agricultural Development Company (NADEC) has agreed to acquire Al Safi Danone, Danone SA’s Saudi venture, through a capital increase of 536 million SAR (US$ 142.7 million). Post-transaction, current NADEC shareholders will own 61.25% of Al Safi Danone, while Al Safi Danone shareholders will hold 38.75% of the company. Formed in 1981 by […]
