Investments, Acquisitions and Funding

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.

According to a statement from the Ministry of Agriculture, the three-year project will be implemented in the Peanut Basin, which occupies 57% of Senegal’s arable land.

The American company has been alloted 28 acres of land in the state’s Mannaparrai to produce snacks like potato chips.