Sunday, March 31, 2013

Almarai unveils key deal


Almarai announced the boards of United Farmers Holding Company (UFHC) and Continental Farmers Group plc (CFG) have reached an agreement on the terms of a recommended cash offer to acquire all share capital of CFG, according to Tadwul website.

Following the announcement on 25 regarding Almarai’s participation as a founding shareholder holding 33 percent in the share capital of UFHC, a Saudi limited liability company, Almarai stated that it is pleased to announce to its shareholders that the boards of UFHC and CFG have reached an agreement on the terms of a recommended cash offer to acquire all of the issued and to be issued capital of CFG.

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