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Egyptian dairy purchase

This article was originally published in Foodnews

ALMARAI, Saudi Arabia's largest food producer and a market leader in dairy and fruit juice products, is to buy the Egyptian dairy company, International Company for Agro Industrial Projects, for an undisclosed sum. The acquisition is part of a long-term strategy to expand outside the six nation Gulf Cooperation Council (GCC) markets, said Almarai in a statement to the Saudi stock exchange.

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