Baking & Snacks – INVESTMENTS, FUNDING & M&A

The project was initially projected to be completed by 2024 in three phases at a cost of MAD 350 million (about US$35.5M).

JM Posner MD Tim Hills noted that while the company engaged with several interested parties, Ingå Group distinguished itself through its shared culture, approach, and vision.

Founded in Switzerland in 1908, Toblerone produces about 90% of its product at this site.

The company’s authorized capital will remain unchanged at US$7 million, while the issued capital will double, increasing the number of shares to 1,400,027,312, each with a nominal value of EGP 0.20 (US$0.004).

In a statement, Marilan emphasized that the deal reinforces its growth strategy.