March 25, 2018 / 6:03 AM / in 9 months

BRIEF-Saudi's National Agriculture Development To Acquire Al Safi Danone

March 25 (Reuters) - NATIONAL AGRICULTURE DEVELOPMENT CO :

* ENTERS INTO A DEFINITIVE AGREEMENT TO ACQUIRE AL SAFI DANONE COMPANY

* SALE AND SHARE PURCHASE AGREEMENT ENTERED INTO RELATES TO ACQUISITION OF 100 PERCENT SHARES OF ASD BY CO FROM AL SAFI HOLDING AND DANONE DAIRY INVESTMENTS INDONESIA PTE

* SAYS DEAL IS IN CONSIDERATION FOR THE ISSUANCE OF NEW SHARES IN NADEC TO THE SHAREHOLDERS OF AL SAFI DANONE THROUGH A CAPITAL INCREASE Source text for Eikon: Further company coverage:

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