Savola Group of Saudi Arabia buys out Bayara for $260m

Share
1 min read
Avatar image of TRENDS Desk
October 17, 2021 5:23 pm
Share
  • The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations
  • Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom

Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.

The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations.

Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom.

SPEEDREAD

    Today's Headlines

    The most important news stories of the day, curated by Post editors and delivered every morning.

    Google reCaptcha: Invalid site key.

    By signing up you agree to our Terms of Use and Privacy Policy.

    MORE FROM THE POST