BinDawood Holding has agreed to acquire a 51% stake in UAE-based Wonder Bakery for AED 96.9 million as part of its regional expansion and food manufacturing strategy.
BinDawood Holding Co. announced signing a share purchase agreement on Dec. 23 to acquire a 51% stake in UAE Wonder Bakery LLC for AED 96.9 million, according to a statement to Tadawul.
The acquisition value will be subject to certain adjustments in accordance with the terms of the agreement, which remains subject to regulatory approvals.
The transaction will be funded through the company’s internal resources and available financing facilities, the statement added.
BinDawood Holding has agreed to acquire a 51% stake in UAE-based Wonder Bakery for AED 96.9 million as part of its regional expansion and food manufacturing strategy.
BinDawood Holding Co. announced signing a share purchase agreement on Dec. 23 to acquire a 51% stake in UAE Wonder Bakery LLC for AED 96.9 million, according to a statement to Tadawul.
The acquisition value will be subject to certain adjustments in accordance with the terms of the agreement, which remains subject to regulatory approvals.
The transaction will be funded through the company’s internal resources and available financing facilities, the statement added.
