Baking & Snacks – INVESTMENTS, FUNDING & M&A

This funding is aimed at expanding its retail partnerships and accelerating the development of innovative food products.

The acquisition furthers Hershey’s push into salty snacks by adding another fast-growing brand to its portfolio while increasing the snacking options it can provide to consumers.

The offer values Domty at approximately US$176M (EGP 8.9 billion) translating to a price per share of 31.48 EGP (US$0.62).

This funding comes as part of Haldiram’s ongoing equity financing round and follows a recent investment from Temasek.

The stake sale transaction comes after Europastry failed to go public last year.