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
Say 'cheese' to smarter formulation with Prolactal’s PROcase Isolate MP 100
25 Sep 2025
Redefining meltability, texture, and shelf stability in processed cheese – Prolactal’s powerful PROcase Isolate delivers precision, simplicity, and reliability.
Read more
Prolactal to launch soft protein bar innovation at Fi Asia
5 Sep 2025
Prolactal will unveil PROper Bar – a soft protein bar solution – at Food ingredients Asia, delivering indulgent texture, low-fat, low-lactose, and cost-effective protein for healthy nutrition.
Read more
Screwworm infection triggers renewed US livestock surveillance
2 Sep 2025
A single travel-associated human case of New World screwworm was confirmed in Maryland in early August, triggering renewed surveillance of livestock in the area.
Read more
FDA to revoke 52 ‘outdated’ food standards of identity
24 Jul 2025
The US Food and Drug Administration (FDA) has announced plans to revoke 52 standards of identity (SOIs) for foods that it considers obsolete or unnecessary.
Read more
The dye is cast: Major US food brands commit to phasing out synthetic colours
21 Jul 2025
Major confectionery companies have pledged to eliminate petroleum-based colours by 2027. Yet with 19% of packaged foods containing synthetic dye, will industry leaders follow through on their commitments?
Read more
FreshDirect makes first foray into physical retail
9 Jul 2025
FreshDirect has made its first foray into physical retail – a bold strategic move for the pure-play digital grocer, which has operated exclusively online since its founding in 2002.
Read more
US alternative egg brand cracks European market
23 Jun 2025
Just Egg is set to be produced in Europe’s largest plant-based facility as plant-based egg brands look to take advantage of the supply chain crisis.
Read more
World Food Safety Day shines a spotlight on science
19 Jun 2025
On 7 June, the World Health Organization (WHO) held its annual World Food Safety Day, highlighting the role scientific research and innovation play in supporting consumers’ health.
Read more
Compostable packaging claims rubbished by regulator
9 Jun 2025
Compostable coffee capsule ads from brands including Dualit and Lavazza Coffee have been banned after the UK’s advertising watchdog deemed them to be "misleading".
Read more
The winners of Vitafoods Europe Startup Challenge 2025 revealed
29 May 2025
Four startups – Yomio Drops, PFx Biotech, Revobiom, and Favamole – took top prizes at this year’s Vitafoods Europe Startup Challenge awards.
Read more