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- The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations.
DUBAI: Saudi Arabia’s Savola Group has completed the full acquisition of Emirati snack maker Bayara Holding, in a deal worth SR975 million ($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.