News
Arab Dairy Products gets another suitor
31 Dec 2014The Egyptian Financial Supervisory Authority (EFSA) has approved a request from Al Noor for Dairy Industries, a subsidiary of French dairy company Lactalis, to launch a tender offer for 6 million shares, or 100% of Arab Dairy Products. Al Noor has offered EGP 58 per share. EFSA had previously extended the duration for the tender […]
The Egyptian Financial Supervisory Authority (EFSA) has approved a request from Al Noor for Dairy Industries, a subsidiary of French dairy company Lactalis, to launch a tender offer for 6 million shares, or 100% of Arab Dairy Products.
Al Noor has offered EGP 58 per share.
EFSA had previously extended the duration for the tender offer launched by Pioneer Holding for 3,611,301 shares in Arab Dairy Products for ten days starting from the expiry of the current period and will end on Monday, January 12, 2015.
The Arab Dairy board had decided to approve a request received from Saudi-based company Arrow Food Distribution to conduct due diligence. Arrow had offered EGP 57.12 per share.
Arla tabled a bid of EGP 65/share for Arab Dairy Products in September but dropped out in December after conducting due diligence.
Related news
Can Mondelēz hit net-zero by 2050 without plant-based dairy? ‘Probably not’
9 Mar 2026
Mondelēz International will need to make successful products with plant-based ingredients if it is to meet its long-term climate commitments, it says.
Read more
‘Only … Ingredients’ but more food waste?
5 Mar 2026
British retailer Marks and Spencer has introduced 12 new products to its 'Only … Ingredients' range, as brands are advised to focus on “transparent communication”.
Read more
Are consumers willing to pay for innovative sustainable foods?
4 Mar 2026
Innovative sustainable animal products and plant-based alternatives can plug health and environmental concerns – but consumer willingness to pay for these products remains variable, finds an EU-funded study.
Read more
Lidl top for climate progress – but gaps remain in the retail sector
2 Mar 2026
Lidl is “setting the pace” in Europe's transition towards sustainable food systems. How did other European supermarkets score, according to Superlist Environment Europe 2026?
Read more
Europe to tighten import controls for pesticides
26 Feb 2026
The European Commission will tighten controls on food and feed imports and may extend France's ban on products containing prohibited pesticides.
Read more
How the industry is fighting food fraud in 2026
24 Feb 2026
Herbs, spices, and white powders are highly at risk of food fraud – but the industry is embracing food fingerprinting coupled with artificial intelligence to fight it.
Read more
Canada adopts front-of-package nutrition warning labels
19 Feb 2026
Food and drink products in Canada must now carry warning labels for high saturated fat, sugar, and sodium content – a move designed to help consumers make more informed purchasing decisions.
Read more
Tesco hits healthy food sales target
18 Feb 2026
The UK’s largest supermarket chain has achieved its target to increase the proportion of sales from healthier products to 65% by 2025.
Read more
Vitafoods Innovation Awards calling for bright ideas
10 Feb 2026
The Vitafoods Europe Innovation Awards 2026 promote nutraceutical NPD and innovation. Here, some of this year’s jury members discuss what they will be looking out for.
Read more
Digital energy management will fuel food production in 2026
9 Feb 2026
Using AI to manage digital energy consumption in factories is the latest strategy in manufacturers’ toolbox for sustainable operations and efficient energy use.
Read more