date:Jul 14, 2014
Saudi Arabia-based Olayan Financing Co (OFC) said on Sunday it had acquired a majority stake in Gulf Union Foods Co (GUFC) from a group of investors including private equity firm Jadwa Investment.
No purchase price for the 51 percent stake was given in the statement, nor the identities of the other investors selling their holdings in GUFC, which was described as one of the leading players by market share in the Gulf's juice manufacturing business.
Jadwa is divesting its entire 30 percent stake