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Abraaj Investment Management makes bid approach to Egypt's Bisco Misr
July 13, 2014 / 9:12 AM / 3 years ago

Abraaj Investment Management makes bid approach to Egypt's Bisco Misr

CAIRO, July 13 (Reuters) - Abraaj Investment Management, an affiliate of United Arab Emirates’s Abraaj Capital, has made an approach to buy at least a 51 percent stake in Egypt’s sweet snack maker Bisco Misr, Bisco Misr said in a statement on Sunday.

“Abraaj Investment Egypt Limited have requested... to conduct (technical and financial) studies on the company with the intention of acquiring all its shares, with a minimum of a 51 percent stake,” Bisco Misr said in the statement. (Reporting by Asma Alsharif. Editing by Jane Merriman)

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