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Eqyptian dairy purchase

This article was originally published in Foodnews

ALMARAI of Saudi Arabia, in concert with PepsiCo Inc, has bought Beyti, an Egyptian maker of fruit juices and dairy products, for an undisclosed sum. The Almarai/PepsiCo joint venture is called International Dairy and Juice Ltd and has bought Beyti from Almarai, which in turn acquired it last year for US$115.7 million (FOODNEWS 19 June 2009).



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