Nadec seeks regulatory approval for Al Safi Danone acquisition
National Agriculture Development Co. (Nadec) has filed a request seeking the approval from the Saudi General Authority for Competition for its acquisition of Al Safi Danone. Nadec signed in March a final agreement to acquire 100% of Al Safi Danone from Al Safi Holding Co. and Danone Dairy Investments Indonesia through a share swap deal.
NADEC: SAR37.33 as of 16 Apr. 2018, Rating: Neutral, TP: SAR22.50/share, MCap: USD843mn, NADEC AB/6010.SE
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