Agthia - on the look-out for acquisition opportunitiesUAE food business Agthia Group has announced an ambition to become a regional food and drinks "leader" by 2025. Last week Agthia announced it is to take a majority stake in Egyptian meat business Ismailia Agricultural and Industrial Investment, known as Atyab. In January, the company, majority-owned by Abu Dhabi state-owned holding company Abu Dhabi Development Holding Company (ADQ), revealed it planned to take a majority stake in Jordan-based meat-products firm Nabil Foods. CEO Alan Smith said: "Our strategy stems from an in-depth assessment of the business and a clear vision of where we want to go. "The strategy will generate cost and revenue synergies through cross-selling opportunities and enhancing the group's regional brand portfolio."

Source: The North Africa Journal April 14, 2021 11:03 UTC