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FrieslandCampina intends to acquire 51% stake in Engro Foods
date:Mar 07, 2016
FrieslandCampina is seeking to acquire a 51% stake in Pakistan's leading dairy group Engro Foods from its parent Engro Corporation for around $500m.

The acquisition would help the Dutch firm access a market where consumers mostly depend on raw milk. The cost of the deal of is based on its present stock value.

Engro Foods chief executive officer Babar Sultan was quoted by Irishexaminer as saying only 9% of milk currently sold in Pakistan is processed, but this is expected to grow to 15% over th

12/21 18:37