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Saudi Arabia’s Olayan Takes Majority Stake in Gulf Union Foods
date:Jul 14, 2014
Saudi Arabias Olayan Group acquired a majority stake in beverage maker Gulf Union Food Co. from shareholders including Jadwa Investment Co., as investors seek access to the kingdoms fast-growing consumer industry.

Olayan Financing Co., a unit of the Saudi group which is also the top shareholder in Credit Suisse Group AG, will buy a 51 percent stake in Gulf Union, the companies said today in a joint statement. Jadwas food and beverage opportunity fund will sell its 30 percent stake in the compan

12/24 15:59