Saudi Arabia’s Panda seeks expansion in Egypt’s retail market, requests 16 land parcels
Savola’s (2050.SE) grocery retail arm Panda, has requested to invest in 16 plots of land to launch new locations in Egypt, as well as renovation of 20 locations owned by Alexandria Coo-operatives. The request comes after the Egyptian Government had allocated 733 plots of land (6.2 million feddans) and 366 retail cooperative outlets for private investors. (Al Borsa) Savola: SAR35.05 as of 11 February 2016, Rating: Buy, FV: SAR70.00 per share, MCap: USD4,991 million, SAVOLA AB / 2050.SE
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