Almarai Company Announces the Acquisition of Binghatti Beverage’s Production Facility in the UAE
|Announcement Detail||Almarai Company is pleased to announce that, on 1st June 2021, it signed an Asset Purchase Agreement with Binghatti Beverages Manufacturing L.L.C (BBM) for the purchase and acquisition of BBM production facility in the UAE, for a price of AED 215 million. |
This acquisition will enhance Almarai’s ability to serve its customers by expanding the range of beverage products in the region.
The transaction is fully financed from Almarai’s operating cash flows. The acquisition remains subject to obtaining certain regulatory approvals.
There are no related parties in this transaction.
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