Arla Foods has made a non-binding offer for the majority of the shares in the Arabian Food Industries Company (Domty), a listed company with approx. The non-binding offer is subject to satisfactory due diligence, definitive documentation, corporate and regulatory approval. We are now looking at the details before deciding whether to proceed with purchasing the business,” says Kim Villadsen, SVP for MENA in Arla Foods. Arla Foods has a long-standing and strong presence in the Middle East and North Africa, which is the company's largest commercial area outside of Europe. Arla Foods has no further comments on the offer.

Source: The North Africa Journal November 18, 2024 05:00 UTC